M&A Deal Summary

Fomento Económico Mexicano S.A.B. de C.V Acquires Ok Market

On February 28, 2022, Fomento Económico Mexicano S.A.B. de C.V acquired retailer Ok Market

Acquisition Highlights
  • This is Fomento Económico Mexicano S.A.B. de C.V’s 5th transaction in the Retail sector.
  • This is Fomento Económico Mexicano S.A.B. de C.V’s 3rd transaction in Chile.

M&A Deal Summary

Date 2022-02-28
Target Ok Market
Sector Retail
Buyer(s) Fomento Económico Mexicano S.A.B. de C.V
Deal Type Add-on Acquisition

Target

Ok Market

Santiago, Chile
website
Ok Market is an operator of a small-format proximity store chain. Ok Market is based in Santiago, Chile.

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Buyer(S) 1

Buyer

Fomento Económico Mexicano S.A.B. de C.V

Monterrey, Mexico

website


Category Company
Founded 1890
Sector Beverages
Employees270
DESCRIPTION

Fomento Económico Mexicano, S.A.B. de C.V (FEMSA) is a company that participates in the beverage industry through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume; and in the beer industry, through its ownership of the second largest equity stake in Heineken, one of the world's leading brewers with operations in over 70 countries. In the retail industry it participates through FEMSA Comercio, comprising a Retail Division operating various small-format store chains including OXXO, a Fuel Division, operating the OXXO GAS chain of retail service stations, and a Health Division, which includes drugstores and related operations. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business units and third-party clients.


DEAL STATS #
Overall 6 of 6
Sector (Retail) 5 of 5
Type (Add-on Acquisition) 4 of 4
Country (Chile) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Jetro Restaurant Depot

College Point, New York, United States

Jetro Restaurant Depot is a wholesale business-to-business cash and carry retail foodservice segment in the United States. Founded in 1976, JRD today operates over 130 stores across the United States with two formats, Jetro Cash and Carry and Restaurant Depot.

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