Coca-Cola FEMSA (KOF) Announce Acquisition of Brisa Bottled Water Business For $92M
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Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF) announced that it has successfully closed the transaction with Bavaria, a subsidiary of SABMiller, to jointly acquire with The Coca-Cola Company, the Brisa bottled water business (including the Brisa brand and production assets).
This transaction will enable us to increase our presence in the water business and complement our portfolio. Brisa sold 47 million unit cases in 2008 in Colombia.
The purchase price of $92 million was shared equally by Coca-Cola FEMSA and The Coca-Cola Company. The parties have also agreed a transition arrangement after closing, during which Bavaria will still be producing, selling and distributing Brisa.
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