Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Mexico

Femsa Turns To Dairy As Opportunities In LatAm Soft Drinks Dry Up

October 2010 | Company News Alert

Mexico-based Coca-Cola Femsa has signed a preliminary agreement to acquire Panama-based diary company Grupo Industrias Láctea. The move would represent a significant departure for the soft drink firm and reports in the local press suggest the acquisition could be valued at US$220mn. The move will have been driven by the high growth rates in the Latin American dairy sector and is also in line with our favourable outlook for the Central American food and drink market. Given Femsa's increasing dominance of the Latin American soft drink sector we believe this could be the start of a significant programme of sideways

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