Grupo Fomento Queretano merges beverage operation with Coca-Cola Femsa
Grupo Fomento Queretano has merged its beverage operation with Coca-Cola Femsa, a Mexico-based Coca-Cola franchise bottler.
Grupo Fomento Queretano has merged its beverage operation with Coca-Cola Femsa, a Mexico-based Coca-Cola franchise bottler.
The transaction received all the necessary approvals including the approval of the Comission Federal de Competencia, the Mexican anitrust authority and The Coca-Cola Company.
Coca-Cola Femsa CEO Carlos Salazar Lomelin said the new territories represent a strategic link between their existing operations in Mexico.
"In addition, through this transaction, we increase our stake in PIASA, one of the most important and efficient participants in the Mexican sugar industry, to more than 26 percent. Through the three mergers we have closed over the past several months, we have enjoyed the privilege of expanding our family with important new members, whose track record and entrepreneurial legacy speak for themselves," Lomelin said.
The company produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company, along with bottled water, juices, teas, isotonics, beer and other beverages. It has 37 bottling facilities in Latin America and serves close to 1,800,000 retailers in the region.
Source: Grupo Fomento Queretano
All content and features on this website are copyrighted with all rights reserved. The full details can be found in our privacy statement
