History:
– Coca-Cola FEMSA founded in 1991 as a joint venture with The Coca-Cola Company
– Expanded internationally in 2003 by acquiring Panamerican Beverages
– Acquired bottling companies in Brazil and the Philippines
– Acquired Jugos del Valle in 2007
– Merged with Grupo Tampico and Corporación Los Angeles in 2011
Acquisitions and Mergers:
– Acquired Refrigerantes Minas Gerais in June 2008
– Merged with Grupo Industrias Lacteas in 2011
– Merged with Grupo Fomento Queretano in 2012
– Acquired Grupo Yoli and Brazilian companies in 2013
– Completed $1 billion acquisition of VONPAR in Brazil in 2016
Expansion:
– Opened $500 million bottling plants in Brazil and Colombia in 2015
– Acquired Guatemalan bottlers and MONRESA in Uruguay in 2018
– Joint venture with Coca-Cola to acquire AdeS brand from Unilever
– Expanded operations in Brazil, Central America, Colombia, Venezuela, and Brazil
– Renamed the main Coca-Cola bottler in the Philippines to Coca-Cola Beverages Philippines in 2013
References:
– FEMSA 2020 Annual Report
– Moody’s affirms Coca-Cola FEMSA’s A2 ratings with a negative outlook
– Strategic Management: Concepts and Cases book reference
– Emerging Markets: Strategies for Competing in the Global Value Chain book reference
– Various news articles and press releases
See Also:
– Companies portal
– List of companies traded on the Bolsa Mexicana de Valores
– List of companies of Mexico
– Economy of Mexico
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 operations in Colombia
– On the strategic moves undertaken by Coca-Cola FEMSA and other Mexican firms during the Great Recession.
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). 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.
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| Company type | Public |
|---|---|
| BMV: KOF NYSE: KOF | |
| Industry | Beverage |
| Founded | 1993 |
| Headquarters | Mexico City, Mexico |
Area served | Latin America |
Key people |
|
| Revenue |  MXN$194.2 billion (2019) |
 MXN$15.8 billion (2019) | |
| Total assets | USD$13.3 billion (2019) |
| Owner |
|
| Website | coca-colafemsa |