Mexico City, Mexico, June 28, 2018 – Coca-Cola FEMSA the largest Coca-Cola franchise bottler in the world by sales volume, with presence in Latin America and Asia, announces the acquisition of Montevideo Refrescos S.R.L. (“MONRESA”) from The Coca-Cola Company in an all cash transaction. The aggregate enterprise value for this transaction is US$ 250.7 million.
Founded in 1943, MONRESA, The Coca-Cola Company’s franchise, has exclusively served Uruguay, developing and diversifying the beverage market while creating a valuable legacy in the country. MONRESA currently serves more than 3.4 million consumers through 26 thousand points of sale. The integration of this franchise increases Coca-Cola FEMSA’s presence to 11 countries worldwide.
“As part of our strategic framework and the consolidation of leadership in the global beverage market, the integration of MONRESA reaffirms our commitment to generating economic and social value for our shareholders and stakeholders,” said John Santa Maria, CEO of Coca-Cola FEMSA.
About the compan
Stock listing information: Mexican Stock Exchange, Ticker: KOFL | NYSE (ADR), Ticker: KOF | Ratio of KOF L to KOF = 10:1
Coca-Cola FEMSA, S.A.B. de C.V. is the largest franchise bottler in the world by sales volume. The company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio of 169 brands to more than 396 million consumers daily.
With over 100 thousand employees, the company markets and sells approximately 4 billion unit cases through 2.8 million points of sale a year. Operating 67 manufacturing plants and 344 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all of its stakeholders across the value chain. The company is a member of the Dow Jones Sustainability Emerging Markets Index, Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the Mexican Stock Exchange’s IPC and Social Responsibility and Sustainability Indices, among others. Its operations encompass franchise territories in Mexico, Guatemala, Colombia, Brazil, and Argentina, and, nationwide, in Nicaragua, Costa Rica, Panama, Uruguay, Venezuela and the Philippines. For further information, please visit www.coca-colafemsa.com