News
Coca-Cola Femsa and Grupo Tampico merge bottling operations
Coca-Cola Femsa, Grupo Tampico and its shareholders, have confirmed the successful merger of Grupo Tampico’s beverage division with Coca-Cola Femsa.
Coca-Cola Femsa held an ordinary and extraordinary shareholders meeting, at which the company’s shareholders approved this merger, amended the company’s bylaws to increase the number of board members from 18 to 21 and appointed Herman Fleishman and Robert Fleishman, president and vice President, of Grupo Tampico, as director and alternate director in the board.
The transaction received all necessary approvals, among others, the approval of The Comisión Federal de Competencia, the Mexican antitrust authority, and The Coca-Cola Company.
Carlos Salazar Lomelin, CEO, said: “We are pleased to have successfully closed this transaction in a relatively short period of time. This exemplifies what this team of professionals can achieve by working together towards the same goal, which is to consolidate our company’s position as a leader in the beverage industry that remains focused on creating value for our shareholders.
“We embrace the Fleishman family, and we are confident that their expertise in the Mexican beverage industry will greatly contribute to our company going forward.”
Source: Coca-Cola Femsa
- If you enjoyed this article, you may also like this: Coca-Cola Femsa and Grupo Cimsa merge bottling operations
See also
Latest news
| |
Your comments (0)
Add your comment
Please login or register to post comments.