Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world, announces that it has successfully closed the acquisition of 100% of Spaipa Industria Brasileira de Bebidas (Spaipa) in an all-cash transaction.
Spaipa’s strategic footprint is a perfect geographic fit which links Coca-Cola FEMSA’s operations in the state of Mato Grosso do Sul and the state of Sao Paulo. This transaction will increase our volume in Brazil by 40%, allowing us to reach 39% of the Coca-Cola system’s volume in the country. During the last twelve months ended June 30, 2013, Spaipa sold 233.3 million unit cases of beverages, including beer, generating approximately US$905 million in net revenues and an estimated pro forma EBITDA of US$134 million.
Our combined territories will allow Coca-Cola FEMSA to serve more than 66 million consumers a third of the population in Brazil. In addition, Coca-Cola FEMSA will increase its participation in Leao Alimentos, the leading non-carbonated beverage player in the country, to 26%.
Coca-Cola FEMSA will start integrating the results of Spaipa as of November 2013.
"This year we have been privileged to extend our leading position in the Brazilian Coca-Cola bottling system, consolidating a contiguous footprint and growing our family of employees. We would like to thank the teams of both companies for their hard work and dedication to close this transaction in a very short period of time and ensure a successful integration going forward. Our company’s investments in this country have laid the foundation for a stronger business that will be able to better serve our consumers in the country," said Carlos Salazar Lomelin, Chief Executive Officer of the Company.