M&A Deal Summary

Fomento Económico Mexicano S.A.B. de C.V Acquires Delek US Retail

On October 1, 2024, Fomento Económico Mexicano S.A.B. de C.V acquired retailer Delek US Retail from Delek US for 385M USD

Acquisition Highlights
  • This is Fomento Económico Mexicano S.A.B. de C.V’s 7th transaction in the Retail sector.
  • This is Fomento Económico Mexicano S.A.B. de C.V’s 2nd largest (disclosed) transaction.
  • This is Fomento Económico Mexicano S.A.B. de C.V’s 2nd transaction in the United States.

M&A Deal Summary

Date 2024-10-01
Target Delek US Retail
Sector Retail
Buyer(s) Fomento Económico Mexicano S.A.B. de C.V
Sellers(s) Delek US
Deal Type Divestiture
Deal Value 385M USD

Target

Delek US Retail

United States
Delek US Retail is an operator of retail business in US.

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Buyer(S) 1

Buyer

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

Monterrey, Mexico

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 8 of 8
Sector (Retail) 7 of 7
Type (Divestiture) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Imbera and Torrey

Mexico

Imbera and Torrey is a provider of refrigeration and foodservice equipment operations.

Sell $8.0B

Seller(S) 1

SELLER

Delek US

Brentwood, Tennessee, United States

Category Company
Founded 2001
Sector Energy Services and Equipment
Employees3,591
Revenue 16.9B USD (2023)
DESCRIPTION

Delek US is a diversified downstream energy company with assets in petroleum refining, logistics and convenience store retailing. The refining segment consists of refineries operated in Tyler, Texas and El Dorado, Arkansas with a combined nameplate production capacity of 155,000 barrels per day. Delek US was incorporated in 2001 and is based in Brentwood, Tennessee.


DEAL STATS #
Overall 2 of 2
Sector (Retail) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Alon USA Energy

Dallas,, Texas, United States

USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the western and south-central regions of the United States.

Buy $464M