Coca-Cola FEMSA

Last updated
Coca-Cola FEMSA, S.A.B. de C.V.
Company type Public
BMV:  KOF
NYSE:  KOF
Industry Beverage
Founded1993;31 years ago (1993)
Headquarters Mexico City, Mexico
Area served
 Latin America
Key people
RevenueDecrease2.svg MXN$194.2 billion (2019)
Increase2.svg MXN$15.8 billion (2019)
Total assets Decrease2.svg USD$13.3 billion (2019)
Owner
Website coca-colafemsa.com

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). [1] 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. [2] [3]

Contents

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. [3] [4]

In 2007, Coca-Cola FEMSA acquired Jugos del Valle in a joint venture with The Coca-Cola Company. [5] In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais. [6]

In 2011, the company merged Grupo Tampico and Corporación Los Angeles. [7] 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. [8]

Coca-Cola FEMSA merged beverage operations with Grupo Fomento Queretano in 2012. [9] 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. [10]

In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia. [11] The company completed its $1 billion acquisition of VONPAR in Brazil in 2016. [12] Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from Unilever in a joint venture that same year. [13]

In 2018, Coca-Cola FEMSA acquired Guatemalan bottlers ABASA and Los Volcanes as well as MONRESA in Uruguay. [14]

See also

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References

  1. ↑ "FEMSA 2020 ANNUAL REPORT". Archived from the original on 2022-11-03. Retrieved 2021-07-24.
  2. ↑ "Rating Action: Moody's affirms Coca-Cola Femsa's A2 ratings; negative outlook". Moody's Investors Service . 1 April 2016.
  3. 1 2 Hitt, Michael A.; Ireland, R. Duane; Hoskisson, Robert E. (2014). Strategic Management: Concepts and Cases: Competitiveness and Globalization. p. 248. Cengage. ISBN   1285425170
  4. ↑ Grosse, Robert (2015). Emerging Markets: Strategies for Competing in the Global Value Chain [ permanent dead link ], pp. 171–172. Kogan Page. ISBN   0749474505
  5. ↑ Lopez, Gabriela (January 20, 2007). "UPDATE 4-Coca-Cola, Mexican bottler to buy juice maker". Reuters .
  6. ↑ "FORM 6-K". SECURITIES AND EXCHANGE COMMISSION.
  7. ↑ "Coca-Cola FEMSA and Grupo CIMSA Reach an Agreement to Merge Their Bottling Operations". September 19, 2011.
  8. ↑ "Coca-Cola FEMSA Completes Acquisition of "Grupo Industrias Lácteas"". Central America Data. March 29, 2011.
  9. ↑ "Annual Report 2012". Archived from the original on May 2, 2018.
  10. ↑ "EXHIBIT 99.1". U.S. Securities and Exchange Commission.
  11. ↑ "Coca-Cola Femsa opens $500m bottling plants in Brazil and Colombia". Packaging Gateway. June 14, 2015.
  12. ↑ "Coca-Cola Femsa Buys Vonpar in $1.09 Billion Wager on Brazil". Bloomberg. September 23, 2016.
  13. ↑ "Coke, Coke Femsa to buy Unilever's soy beverage business". Reuters . June 1, 2016.
  14. ↑ "FORM 20-F". U.S. Securities and Exchange Commission.

Further reading

On Coca-Cola FEMSA's 2011 venture into the coffee vending market:

On Coca-Cola FEMSA's approach to human resource management, focusing on their operations in Colombia:

On the strategic moves undertaken by Coca-Cola FEMSA and five other Mexican firms during the Great Recession:

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