ATLANTA (AP) — Coca-Cola FEMSA SAB, the biggest bottler of Coca-Cola products in Latin America, said Thursday that it has completed its acquisition of Mexican bottler Grupo CIMSA.
The company, which is a joint venture between Mexico's Coca-Cola FEMSA and Atlanta-based Coca-Cola Co., announced in September that it was buying the Mexican bottler for 11 billion pesos ($791.6 million) in stock and assumed debt. Coca-Cola FEMSA said the combined company will benefit from its geographic reach.
Coca-Cola FEMSA has acquired a number of companies lately, including smaller rival Tampico in October and Grupo Industrias Lacteas, a dairy and juice company in Panama, in March.
