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Coca-Cola FEMSA
Topic: Company
From HandWiki - Reading time: 3 min
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| Type | Public |
|---|---|
| BMV: KOF NYSE: KOF | |
| Industry | Beverage |
| Founded | 1993 |
| Headquarters | Mexico City, Mexico |
Area served | Latin America |
Key people | José Antonio Fernández Carbajal (Chairman) John Santa María Otazua (CEO) Eduardo Padilla Silva (CEO of FEMSA) |
| Revenue |  MXN$194.2 billion (2019) |
 MXN$15.8 billion (2019) | |
| Total assets | USD$13.3 billion (2019) |
| Owner |
|
| Website | coca-colafemsa |
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]
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 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
- List of companies traded on the Bolsa Mexicana de Valores
- List of companies of Mexico
- Economy of Mexico
References
- ↑ "FEMSA 2020 ANNUAL REPORT". https://annualreport.femsa.com/FEMSAatAGlance.html.
- ↑ "Rating Action: Moody's affirms Coca-Cola Femsa's A2 ratings; negative outlook". Moody's Investors Service. 1 April 2016. https://www.moodys.com/research/Moodys-affirms-Coca-Cola-Femsas-A2-ratings-negative-outlook--PR_346650.
- ↑ 3.0 3.1 Hitt, Michael A.; Ireland, R. Duane; Hoskisson, Robert E. (2014). Strategic Management: Concepts and Cases: Competitiveness and Globalization. p. 248. Cengage. ISBN:1285425170
- ↑ Grosse, Robert (2015). Emerging Markets: Strategies for Competing in the Global Value Chain[yes|permanent dead link|dead link}}], pp. 171–172. Kogan Page. ISBN:0749474505
- ↑ Lopez, Gabriela (January 20, 2007). "UPDATE 4-Coca-Cola, Mexican bottler to buy juice maker". https://www.reuters.com/article/mexico-cocacola-buyout/update-4-coca-cola-mexican-bottler-to-buy-juice-maker-idUKN1929711720061220.
- ↑ "FORM 6-K". SECURITIES AND EXCHANGE COMMISSION. https://femsa.gcs-web.com/node/10666/html.
- ↑ "Coca-Cola FEMSA and Grupo CIMSA Reach an Agreement to Merge Their Bottling Operations". September 19, 2011. https://www.globenewswire.com/en/news-release/2011/09/19/1128387/0/en/Coca-Cola-FEMSA-and-Grupo-CIMSA-Reach-an-Agreement-to-Merge-Their-Bottling-Operations.html.
- ↑ "Coca-Cola FEMSA Completes Acquisition of "Grupo Industrias Lácteas"". Central America Data. March 29, 2011. https://www.centralamericadata.com/en/article/home/CocaCola_FEMSA_Completes_Acquisition_of_Grupo_Industrias_Lcteas.
- ↑ "Annual Report 2012". http://www.annualreport.femsa.com/2012/MDA.html.
- ↑ "EXHIBIT 99.1". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1061736/000119312516493480/d148850dex991.htm.
- ↑ "Coca-Cola Femsa opens $500m bottling plants in Brazil and Colombia". Packaging Gateway. June 14, 2015. https://www.packaging-gateway.com/news/coca-cola-femsa-opens-500m-bottling-plants-in-brazil-and-colombia-4600683/.
- ↑ "Coca-Cola Femsa Buys Vonpar in $1.09 Billion Wager on Brazil". Bloomberg. September 23, 2016. https://www.bloomberg.com/news/articles/2016-09-23/coca-cola-femsa-expands-in-brazil-with-1-09-billion-vonpar-deal.
- ↑ "Coke, Coke Femsa to buy Unilever's soy beverage business". June 1, 2016. https://www.reuters.com/article/us-ades-m-a-coca-cola-idUSKCN0YN4RI.
- ↑ "FORM 20-F". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/910631/000119312520110807/d828052d20f.htm.
Further reading
On Coca-Cola FEMSA's 2011 venture into the coffee vending market:
- Capron, Laurence and Mitchell, Will (2013). Build, Borrow, or Buy: Solving the Growth Dilemma, pp. 37–39. Harvard Business Press. ISBN:1422143724
On Coca-Cola FEMSA's approach to human resource management, focusing on their operations in Colombia:
- Brewster, Chris and Mayrhofer, Wolfgang (eds.) (2012). Handbook of Research on Comparative Human Resource Management, pp. 488–489. Edward Elgar. ISBN:0857938711
On the strategic moves undertaken by Coca-Cola FEMSA and five other Mexican firms during the Great Recession:
- Grosse, Robert (January 2012). "Latin American Company Strategies in the Financial Crisis". Global Journal of Emerging Market Economies, Vol. 4, No. 1, pp. 55–70 (Subscription content?)
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