Coca-Cola FEMSA

Short description: Mexican multinational beverage company

Coca-Cola FEMSA, S.A.B. de C.V.

Type| Public

Traded as

| BMV: KOF
NYSE: KOF
Industry| Beverage
Founded| 1993; 33 years ago (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)

Net income

|  MXN$15.8 billion (2019)
Total assets|  USD$13.3 billion (2019)
Owner|

* FEMSA (47.8%)
* The Coca-Cola Company (27.8%)

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

* 1 History
* 2 See also
* 3 References
* 4 Further reading
* 5 External links

## 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

1. ↑ "FEMSA 2020 ANNUAL REPORT". https://annualreport.femsa.com/FEMSAatAGlance.html.
2. ↑ "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. ↑ 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
4. ↑ 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
5. ↑ 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.
6. ↑ "FORM 6-K". SECURITIES AND EXCHANGE COMMISSION. https://femsa.gcs-web.com/node/10666/html.
7. ↑ "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.
8. ↑ "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.
9. ↑ "Annual Report 2012". http://www.annualreport.femsa.com/2012/MDA.html.
10. ↑ "EXHIBIT 99.1". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1061736/000119312516493480/d148850dex991.htm.
11. ↑ "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/.
12. ↑ "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.
13. ↑ "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.
14. ↑ "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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