12/23/2023 0 Comments Refresco yoliIn addition to Mexico, Arca Continental operates in Argentina and Ecuador. Mexico City-based Coke Femsa's beverage reach stretches through nine countries in the Americas, plus the Philippines. Dotson said the sale wasn't motivated by a need to make a quick buck, and that Yoli's owners plan to be Coke Femsa shareholders for many years to come. Speaking on the conference call Friday, Grupo Yoli Chief Executive Robert Dotson said Yoli's owners chose to join forces with Coke Femsa, after analyzing all other options, because they think the company is "good at what they do." Mr. Two of Mexico's remaining independent bottlers-Corporacion del Fuerte and Bebidas Refrescantes de Nogales-are engulfed geographically by Arca Continental's operations. "We think we have good friends that would eventually like to join efforts with us," Arca Continental Chief Executive Francisco Garza said in February. As recently as 2011 there were 10 regional bottlers, apart from Arca Continental and Coke Femsa.Īrca Continental, which dominates Coke bottling and distribution in northern Mexico, hasn't clinched any deals with fellow Mexican bottlers since Embotelladoras Arca SAB and Grupo Continental SAB merged in 2011. The Yoli deal leaves six independent regional bottlers in Mexico, in addition to Monterrey-based Arca Continental SAB (AC.MX, EMBVF), which is Latin America's second-biggest bottler of Coca-Cola Co. In Acapulco and Ixtapa-Zihuatanejo, the share of single-serve presentations spikes to 85%. Yoli's higher profitability centers on its coverage of Pacific Coast beach resorts Acapulco and Ixtapa-Zihuatanejo, where tourists boost sales of high-margin single-serve bottles rather than of returnable bottles and jug water.Ībout 54% of Yoli's volume sales are of single-serve presentations, compared with roughly 35% for Coca-Cola Femsa, Mr. The 8.8 billion peso ($700 million) deal values Yoli at about $7 per unit case, compared with $4 or $5 per unit case in Coke Femsa's last three purchases of regional Mexican bottlers, Coke Femsa Chief Financial Officer Hector Trevino told analysts during a conference call. This article originally appeared on entrepreneur.MEXICO CITY-Mexican soft-drink bottler Coca-Cola Femsa SAB (KOF, KOF.MX) has agreed to pay a premium to acquire one of Mexico's oldest soda companies, Grupo Yoli, compared with its recent bottler acquisitions in Mexico because of Yoli's more profitable product mix, executives said Friday. ![]() It is estimated that the amount of the transaction was almost 700 million dollars.Ĭopyright 2021 Inc., All rights reserved In 2013, Grupo Yoli was acquired entirely by The Coca-Cola Company. It is important to mention that Grupo Yoli was recognized by SEMARNAT as a clean industry. Some years later, in 1990, Grupo Yoli modernizes and invests capital in its infrastructure to be able to integrate the injection and blowing process of PET containers into its production chain. In 1970 the large production plant in Iguala was inaugurated and in 1981 a second production plant was inaugurated in Acapulco, located in the town of El Cayaco. ![]() In 1950 the first production plant was created in Acapulco, which twenty years later would be relocated to the new facilities of the famous Cuauhtémoc Plant. In 1938 Don Manuel sold the first franchise to Coca Cola, with this Yoli was able to reach more places. ![]() Yoli's market acceptance was very good and soon, what had started as a local business expanded.
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