Coca-Cola FEMSA Announce Acquisition of Brisa Bottled Water Business
Coca-Cola FEMSA and The Coca-Cola Company Close the Transaction to Jointly Acquire the Brisa Bottled Water Business From Bavaria, a Subsidiary of SABMiller
MEXICO CITY--(Marketwire - February 27, 2009) - Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF)
(BMV: KOFL) ("Coca-Cola FEMSA"), the largest Coca-Cola bottler in Latin
America and the second largest Coca-Cola bottler in the world in terms of
volumes, announced today that it has successfully closed the transaction
with Bavaria, a subsidiary of SABMiller, to jointly acquire with The
Coca-Cola Company, the Brisa bottled water business (including the Brisa
brand and production assets).
This transaction will enable us to increase our presence in the water
business and complement our portfolio. Brisa sold 47 million unit cases in
2008 in Colombia.
The purchase price of US$92 million was shared equally by Coca-Cola FEMSA
and The Coca-Cola Company. The parties have also agreed a transition
arrangement after closing, during which Bavaria will still be producing,
selling and distributing Brisa.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Sprite,
Fanta, Lift and other trademark beverages of The Coca-Cola Company in
Mexico (a substantial part of central Mexico, including Mexico City and
southeast Mexico), Guatemala (Guatemala City and surrounding areas),
Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide),
Colombia (most of the country), Venezuela (nationwide), Brazil (greater São
Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, part of the state
of Goias and Minas Gerais) and Argentina (federal capital of Buenos Aires
and surrounding areas), along with bottled water, beer and other beverages
in some of these territories. The Company has 31 bottling facilities in
Latin America and serves over 1,500,000 retailers in the region. The
Coca-Cola Company owns a 31.6% equity interest in Coca-Cola FEMSA.
Contact Information: Investor Relations
Alfredo Fernández
(5255) 5081-5120 / 5121
Gonzalo García
(5255) 5081-5148
Roland Karig
(5255) 5081-5186
Website:
www.coca-colafemsa.com