Coca-Cola FEMSA

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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).<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>Template:Cite news</ref><ref name ="SM">Hitt, Michael A.; Ireland, R. Duane; Hoskisson, Robert E. (2014). Strategic Management: Concepts and Cases: Competitiveness and Globalization. p. 248. Cengage. Template:ISBN</ref>

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.<ref name ="SM" /><ref>Grosse, Robert (2015). Emerging Markets: Strategies for Competing in the Global Value ChainTemplate:Dead link, pp. 171–172. Kogan Page. Template:ISBN</ref>

In 2007, Coca-Cola FEMSA acquired Jugos del Valle in a joint venture with The Coca-Cola Company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2011, the company merged Grupo Tampico and Corporación Los Angeles.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Later that same year, Coca-Cola FEMSA acquired Grupo Industrias Lacteas, parent company of Estrella Azul, in a joint venture with The Coca-Cola Company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Coca-Cola FEMSA merged beverage operations with Grupo Fomento Queretano in 2012.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The company completed its $1 billion acquisition of VONPAR in Brazil in 2016.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from Unilever in a joint venture that same year.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2018, Coca-Cola FEMSA acquired Guatemalan bottlers ABASA and Los Volcanes as well as MONRESA in Uruguay.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

See also

• 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:

• Capron, Laurence and Mitchell, Will (2013). Build, Borrow, or Buy: Solving the Growth Dilemma, pp. 37–39. Harvard Business Press. Template:ISBN

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. Template:ISBN

On the strategic moves undertaken by Coca-Cola FEMSA and five other Mexican firms during the Great Recession:

• 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 Template:Subscription required