FEMSA looking to Canada
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CBJ Mar 9 - Mexican beverage company FEMSA plans to buy Coca-Cola bottling plants in Canada, the Mexican daily Excelsior reported, but analysts are not sure about its next international expansion move. Excelsior columnist Dario Celis said FEMSA has decided to tap the Canadian market, after FEMSA's bid for Mexican bottler Contal was rejected.
Last month, Coke said it plans to take over the North American operations of Coca-Cola Enterprises, its top bottler, in a move that would help it cut costs and increase flexibility in beverage distribution. The deal is expected to close later this year. Analysts have suggested that Coke might eventually decide to sell the North American operations to Coca-Cola FEMSA.
Last month, Coke said it plans to take over the North American operations of Coca-Cola Enterprises, its top bottler, in a move that would help it cut costs and increase flexibility in beverage distribution. The deal is expected to close later this year. Analysts have suggested that Coke might eventually decide to sell the North American operations to Coca-Cola FEMSA.
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