Coca-Cola FEMSA, S.A.B. de C.V.
TypePublic
BMV: KOF
NYSE: KOF
IndustryBeverage
Founded1993 (1993)
HeadquartersMexico City, Mexico
Area served
Latin America
Key people
José Antonio Fernández Carbajal
(Chairman)
John Santa María Otazua
(CEO)
Eduardo Padilla Silva
(CEO of FEMSA)
RevenueDecrease MXN$194.2 billion (2019)
Increase MXN$15.8 billion (2019)
Total assetsDecrease USD$13.3 billion (2019)
Owner
Websitecoca-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]

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

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, 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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