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Coca-Cola FEMSA

Mexican multinational beverage company

Summary

Mexican multinational beverage company

FieldValue
logoCoca-Cola_Femsa_Logo.png
nameCoca-Cola FEMSA, S.A.B. de C.V.
typePublic
traded_as
locationMexico City, Mexico
foundation
industryBeverage
area_servedLatin America
key_people
revenueMXN$194.2 billion (2019)
net_incomeMXN$15.8 billion (2019)
assetsUSD$13.3 billion (2019)
owner
homepage

Coca-Cola FEMSA, S.A.B. de C.V., known as Coca-Cola FEMSA or KOF, is a Mexican multinational beverage company headquartered in Mexico City, Mexico. It is a subsidiary of FEMSA which owns 47.8% of its stock, with 27.8% held by wholly owned subsidiaries of The Coca-Cola Company and the remaining 25% listed publicly on the Mexican Stock Exchange (since 1993) and the New York Stock Exchange (since 1998). It is the largest franchise Coca-Cola bottler in the world, the company has operations in Latin America, although its largest and most profitable market is in Mexico.

History

Coca-Cola FEMSA began as a joint venture with The Coca-Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panamerican Beverages (Panamco), another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013, until 2018 when the company was then renamed to Coca-Cola Beverages Philippines.

In 2007, Coca-Cola FEMSA acquired Jugos del Valle in a joint venture with The Coca-Cola Company. In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais.

In 2011, the company merged Grupo Tampico and Corporación Los Angeles. Later that same year, Coca-Cola FEMSA acquired Grupo Industrias Lacteas, parent company of Estrella Azul, in a joint venture with The Coca-Cola Company.{{cite web |url=https://www.centralamericadata.com/en/article/home/CocaCola_FEMSA_Completes_Acquisition_of_Grupo_Industrias_Lcteas |title=Coca-Cola FEMSA Completes Acquisition of "Grupo Industrias Lácteas"

Coca-Cola FEMSA merged beverage operations with Grupo Fomento Queretano in 2012. In 2013, the company merged more bottling operations with Grupo Yoli as well as acquiring Brazilian companies Companhia Fluminense de Refrigerantes and Industria Brasileira de Bebidas.

In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia. The company completed its $1 billion acquisition of VONPAR in Brazil in 2016. Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from Unilever in a joint venture that same year.{{cite web |url=https://www.reuters.com/article/us-ades-m-a-coca-cola-idUSKCN0YN4RI |title=Coke, Coke Femsa to buy Unilever's soy beverage business

In 2018, Coca-Cola FEMSA acquired Guatemalan bottlers ABASA and Los Volcanes as well as MONRESA in Uruguay.

References

References

  1. "FEMSA 2020 ANNUAL REPORT".
  2. (1 April 2016). "Rating Action: Moody's affirms Coca-Cola Femsa's A2 ratings; negative outlook". [[Moody's Investors Service]].
  3. 1285425170
  4. (December 2023). 0749474505
  5. Lopez, Gabriela. (January 20, 2007). "UPDATE 4-Coca-Cola, Mexican bottler to buy juice maker".
  6. "FORM 6-K". SECURITIES AND EXCHANGE COMMISSION.
  7. (September 19, 2011). "Coca-Cola FEMSA and Grupo CIMSA Reach an Agreement to Merge Their Bottling Operations".
  8. "Annual Report 2012".
  9. "EXHIBIT 99.1". [[U.S. Securities and Exchange Commission]].
  10. (June 14, 2015). "Coca-Cola Femsa opens $500m bottling plants in Brazil and Colombia". Packaging Gateway.
  11. (September 23, 2016). "Coca-Cola Femsa Buys Vonpar in $1.09 Billion Wager on Brazil". Bloomberg.
  12. "FORM 20-F". [[U.S. Securities and Exchange Commission]].
Wikipedia Source

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