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M&A Deal Summary

Coca-Cola FEMSA Acquires Refrigerantes Minas Gerais

On June 26, 2008, Coca-Cola FEMSA acquired beverage company Refrigerantes Minas Gerais from Coca-Cola for 364M USD

Acquisition Highlights
  • This is Coca-Cola FEMSA’s 2nd transaction in the Beverages sector.
  • This is Coca-Cola FEMSA’s 5th largest (disclosed) transaction.
  • This is Coca-Cola FEMSA’s 1st transaction in Brazil.

M&A Deal Summary
Date 2008-06-26
Target Refrigerantes Minas Gerais
Sector Beverages
Buyer(s) Coca-Cola FEMSA
Sellers(s) Coca-Cola
Deal Type Divestiture
Deal Value 364M USD

Target

Refrigerantes Minas Gerais

Belo Horizonte, Brazil
Refrigerantes Minas Gerais Ltda. engages in the prodcution of bottles and distributes Coca-Cola products in Belo Horizonte. Remil encompasses a population of approximately 15 million, including Belo Horizonte, the third largest city in Brazil. The company was founded in 1948 and is based in Belo Horizonte, Brazil.

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Buyer(S) 1

Buyer

Coca-Cola FEMSA

Mexico City, Mexico
Category Company
Founded 1979
Sector Beverages
Employees109,557
Revenue 245.1B MXN (2023)
DESCRIPTION

Coca-Cola FEMSA is a franchise bottler of Coca-Cola trademark beverages in the world, delivering more than 4 billion unit cases a year. Coca-Cola FEMSA was incorporated in 1979 and is based in Mexico City, Mexico.

DEAL STATS #
Overall 3 of 11
Sector (Beverages) 2 of 9
Type (Divestiture) 1 of 4
Country (Brazil) 1 of 5
Year (2008) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-18 Jugos Del Valle S.A. de C.V.

Tepotzotlán, Mexico

Jugos Del Valle S.A. de C.V. engages in the production and distribution of fruit beverages such as grape juice and nectars. The company was founded in 1947 and is based in Tepotzotlán, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-27 Bavaria - Agua Brisa Bottled Water Business and Assets

Bogota, Colombia

Bavaria - Agua Brisa Bottled Water Business and Assets comprises the water production plants which manufactures flavored water across 13 locations in Colombia. Bavaria S.A. is based in Bogota, Colombia.

Buy $92M

Seller(S) 1

SELLER

Coca-Cola

Atlanta, Georgia, United States
Category Company
Founded 1886
Sector Beverages
Employees79,100
Revenue 47.1B USD (2024)
DESCRIPTION
Coca-Cola's corporate headquarters in Atlanta, Georgia.
Coca-Cola's corporate headquarters in Atlanta, Georgia.

Coca-Cola is a global brand and producer of beverages that operates Coca-Cola, Diet Coke, Coca-Cola Light, Coca-Cola Zero, Sprite, Fanta, Minute Maid, Powerade, Aquarius, Dasani, Vitaminwater, Georgia, Simply, Minute Maid Pulpy, Del Valle, Ayataka, Bonaqua/Bonaqa, and Schweppes. Coca-Cola dates back to 1886 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 10
Sector (Beverages) 1 of 8
Type (Divestiture) 1 of 6
Country (Brazil) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-25 Energy Brands

New York, New York, United States

Glacèau is a provider of enhanced water sold under the brand names, vitaminwater, smartwater and fruitwater.

Buy $4.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Nidan

Kotelniky, Russia

Nidan produced over 100 varieties of juice products, including 100% juices, nectars and fruit drinks, and covered all segments of the Russian juice market. Nidan was founded in 1998 and is based in Kotelniky, Russia.

Buy $276M
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