Coca-Cola FEMSA to Buy Panamanian CompanyFriday, October 15, 2010 The Mexican group Coca-Cola Femsa has signed a preliminary agreement to acquire all the shares of Grupo Industrias Lácteas. This agreement includes a commitment of exclusivity in negotiations, subject to government approvals, authorizations and a complete corporate legal, financial and operational audit. Coca-Cola FEMSA Completes Acquisition of "Grupo Industrias Lácteas"Tuesday, March 29, 2011 The Mexican Corporation Coca-Cola FEMSA announced it has completed the acquisition of Panama's "Grupo Industrias Lácteas", parent company of "Estrella Azul", "Conservas Panameñas" and "Plásticos Modernos". This is Coca Cola's first foray into the milk and dairy industry, which is one of the largest and most dynamic segments of the non-alcoholic beverages market in Latin America. Coca-Cola Femsa moves forward in Central AmericaWednesday, August 27, 2008 The company is having an excellent performance in the region, where it supplies 1.5 million retailers. Since Panamco was acquired by the Mexican Coca-Cola Femsa, on various occasions the company has achieved excellent results in the area. E&N had the opportunity to talk with Arturo Campos, Public Relations Manager for Coca-Cola Femsa in Central America, and here is a review of the excellent performance that the company has been having in the region where it supplies more than 1.5 million retailers. "There are great opportunities in Central America as well as in the rest of the Americas," the executive declared. Femsa's Revenue Up 64% in C.A.Monday, August 3, 2009 Coca-Cola Femsa's revenue in the region for the first half of the year was 64% more than the same period of 2008. Coca-Cola's regional subsidiary is called "Latincentro", and comprises Colombia, Venezuela, Guatemala, Nicaragua, Costa Rica and Panamá. The 64% increase in revenue experienced by this division is due to higher unitary prices and a 10% increase in sales volume. Coca-Cola FEMSA and Grupo Tampico merge their bottling operationsWednesday, October 12, 2011 Coca-Cola FEMSA and Grupo Tampico and its shareholders, announce the successful merger of Grupo Tampico’s beverage division with Coca-Cola FEMSA. Mexico City, Mexico – October 11, 2011 – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL; NYSE: KOF) (“Coca-Cola FEMSA” or the “Company”), the largest public bottler of Coca-Cola products in the world in terms of sales volume, and Grupo Tampico S.A. Coca Cola Fined for Anti-Competitive PracticesMonday, July 16, 2012 The penalty imposed by the Commission to Promote Competition in Costa Rica has been upheld after the First Chamber of the Supreme Court declared the last appeal filed by the company irrelevant. The penalty for monopolistic practices, dating back to May 2004 was because the bottler apparently made exclusive contracts with vendors and fixed prices. Company Profile Organization that operates in Costa Rica, Guatemala, Nicaragua and Panama.
Guatemala: FEMSA Pays $125 million for Bottling PlantFriday, April 27, 2018 The Mexican company Coca Cola FEMSA has announced an agreement to acquire Comercializadora and Distribuidora Los Volcanes, for $125 million. According to a statement issued by the Mexican company, the transaction was made through the subsidiary of FEMSA, Compañía de Inversiones Moderna. The company added in a statement that the operation will be on a free cash and debt basis, and has "the objective of raising opportunities to expand its business in Latin America." Coca-Cola Sells Ownership in Estrella AzulThursday, October 1, 2020 With no details regarding the amount of the transaction, Coca-Cola FEMSA announced the sale of 100% of its stock interest in the Panamanian dairy company Estrella Azul to Panama Dairy Ventures, Ltd. The transfer of the shares became known after Coca-Cola sent a communication to the Mexican Stock Exchange, a document that specified some of the details of the transaction. Femsa Backs Dairy and Derivative ProductsTuesday, October 18, 2011 Coca Cola FEMSA is planning to harness the potential of Latin America and make an aggressive expansion in the region, by backing dairy products. Jose Castro, director of investor relations at the company, at an annual meeting with the media, said that after the acquisition of Blue Star Panama in March, the company will build a new plant in Panama and by the end of the year will have defined its business plan for achieving their expansion plans. Florida Ice and Farm celebrates 100 yearsThursday, September 25, 2008 Despite the impending elimination of tariffs on foreign brands, its dominance of the local market will continue. The Lindo Morales brothers formed the Florida Ice and Farm Company in September 1908, not even they imagine that the company would take off like eagle and gain almost "imperial" like dominance of the Costa Rican beer market.
MARKET STUDY
Vehicles: Business Fleets in Costa RicaTuesday, January 28, 2020 It is estimated that the vehicles of Arrendadora CAFSA, Constructora Hernan Solis, Bimbo and Coca Cola, represent 3% of the total units registered in the name of large companies in the country. The report "Vehicles in Central America, with details of the business fleet", by CentralAmericaData, gathers the most updated information of the automotive market in Central American countries. Bottled Water: A Promising MarketThursday, August 22, 2019 Last year, bottled water sales in Costa Rica were estimated at $89 million and they are expected to increase up to $106 million in 2023, a behavior explained by the downward trend in the consumption of carbonated beverages. Although companies such as Florida Ice & Farm Co (Fifco) and Coca Cola Femsa have the opportunity to grow in the Costa Rican market, they will also face competition from new entrants such as Premium Brands. Automotive Maintenance: In-Company or Outsourced?Monday, July 11, 2011 Investing in and maintaining an in-company workshop is expensive, but when the fleet size is large, the reduction in maintenance and repair costs can justify it. This is the experience of Coca Cola Femsa in Costa Rica, which is performing preventive and corrective maintenance, and technical reviews of the 450 vehicles in its fleet in its own automotive workshop. Sale of Large Enterprises: $105 Million in Taxes For PanamaWednesday, December 8, 2010 The sum amounts to the 5% tax collected from the sale of shares from BAC to AVAL Group and from Industrias Lacteas to Coca-Cola FEMSA. An extraordinary income of approximately $ 105 million could be received by the Panamanian government from the sale of shares of the two large firms. These funds would pay the initial installment of the Metro line. |
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