Coca-Cola FEMSA, S.A.B. de C.V., known as Coca-Cola FEMSA or KOF, is a Mexican
multinational beverage
A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoo ...
company headquartered in
Mexico City
Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital city, capital and primate city, largest city of Mexico, and the List of North American cities by population, most populous city in North Amer ...
,
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...
. It is a subsidiary of
FEMSA
Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the l ...
which owns 47.8% of its stock, with 27.8% held by wholly owned subsidiaries of
The Coca-Cola Company
The Coca-Cola Company is an American multinational beverage corporation founded in 1892, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrup ...
and the remaining 25% listed publicly on the
Mexican Stock Exchange
The Mexican Stock Exchange ( es, Bolsa Mexicana de Valores), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange ...
(since 1993) and the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
(since 1998). It is the largest franchise Coca-Cola bottler in the world, the company has operations in
Latin America
Latin America or
* french: Amérique Latine, link=no
* ht, Amerik Latin, link=no
* pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...
, although its largest and most profitable market is in Mexico.
[Hitt, Michael A.; Ireland, R. Duane; Hoskisson, Robert E. (2014)]
''Strategic Management: Concepts and Cases: Competitiveness and Globalization''
p. 248. Cengage.
History
Coca-Cola FEMSA began as a joint venture with The Coca-Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panamerican Beverages (Panamco), another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013, until 2018 when the company was then renamed to
Coca-Cola Beverages Philippines
Coca-Cola Beverages Philippines, Inc. (CCBPI, formerly Coca-Cola FEMSA Philippines, Inc.) is a Philippine-based company engaged in the bottling and distribution of Coca-Cola products in the country. CCBPI is part of the Bottling Investment Gro ...
.
In 2007, Coca-Cola FEMSA acquired
Jugos del Valle in a joint venture with The Coca-Cola Company. In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais.
In 2011, the company merged
Grupo Tampico and Corporación Los Angeles. Later that same year, Coca-Cola FEMSA acquired Grupo Industrias Lacteas in a joint venture with The Coca-Cola Company.
Coca-Cola FEMSA merged beverage operations with Grupo Fomento Queretano in 2012. In 2013, the company merged more bottling operations with Grupo
Yoli as well as acquiring Brazilian companies Companhia Fluminense de Refrigerantes and Industria Brasileira de Bebidas.
In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia. The company completed its $1 billion acquisition of VONPAR in Brazil in 2016. Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from
Unilever
Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy dri ...
in a joint venture that same year.
In 2018, Coca-Cola FEMSA acquired Guatemalan bottlers ABASA and Los Volcanes as well as MONRESA in Uruguay.
See also
*
List of companies traded on the Bolsa Mexicana de Valores
List of companies traded on the Bolsa Mexicana de Valores (Mexican Stock Exchange) sorted by revenues and classified according to GICS. List
See also
*List of companies of Mexico
* Economy of Mexico
* Mexican Stock Exchange
* Indice de Pre ...
*
List of companies of Mexico
Mexico is a federal republic in the southern half of North America. Mexico has the fifteenth largest nominal GDP and the eleventh largest by purchasing power parity. The Mexican economy is strongly linked to those of its North American Free ...
*
Economy of Mexico
The economy of Mexico is a developing mixed-market economy. It is the 15th largest in the world in nominal GDP terms and the 13th largest by purchasing power parity, according to the International Monetary Fund. Since the 1994 crisis, admin ...
References
Further reading
On Coca-Cola FEMSA's 2011 venture into the coffee vending market:
* Capron, Laurence and Mitchell, Will (2013)
''Build, Borrow, or Buy: Solving the Growth Dilemma'' pp. 37–39. Harvard Business Press.
On Coca-Cola FEMSA's approach to
human resource management, focusing on their operations in Colombia:
* Brewster, Chris and Mayrhofer, Wolfgang (eds.) (2012)
''Handbook of Research on Comparative Human Resource Management'' pp. 488–489. Edward Elgar.
On the strategic moves undertaken by Coca-Cola FEMSA and five other Mexican firms during the
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At ...
:
* Grosse, Robert (January 2012)
"Latin American Company Strategies in the Financial Crisis" ''
Global Journal of Emerging Market Economies'', Vol. 4, No. 1, pp. 55–70
External links
{{Authority control
Drink companies of Mexico
Food and drink companies based in Mexico City
Coca-Cola bottlers
Companies listed on the Mexican Stock Exchange
Companies listed on the New York Stock Exchange