Mexico's Coca-Cola FEMSA Expands In Brazil

Latin America's largest Coca-Cola bottler and the world's second-largest in terms of volumes, Coca-Cola FEMSA, announced on June 26 that it has acquired Refrigerantes Minas Gerais (Remil) for US$364.1mn. Coca-Cola FEMSA, which is part of Mexican company KOF, said that the purchase of the Brazilian bottler and brewer would give it a 30% share in Coca-Cola bottling systems in Brazil when combined with its other operations in the country.