Coca-Cola Femsa and Grupo Yoli merge bottling operations
Coca-Cola Femsa and Grupo Yoli have announced that they have reached an agreement to merge their bottling operations
Grupo Yoli produces and distributes Coca-Cola, Yoli, Fanta, Del Valle, and other trademark beverages of The Coca-Cola Company mainly in the Mexican state of Guerrero.
Grupo Yoli shareholders said: “Since our founding almost 100 years ago, our goal has been to fulfil our clients and consumers evolving needs in the non-alcoholic beverage industry, while enhancing the well-being of our talented team of professionals and the communities we serve.
“At this point in our history, we are proud to merge with Coca-Cola Femsa, a like-minded company with a diversified geographic presence, an experienced management team, and industry-leading growth prospects.”
Coca-Cola Femsa produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina and the Philippines.
Grupo Yoli was founded in the state of Guerrero in 1918 under the name of “La Vencedora”. The Coca- Cola Company granted the first franchise agreement to these territories in 1938. Currently, Grupo Yoli operates 2 bottling facilities and 20 distribution centres, with close to 3,500 employees serving more than 69,000 clients.
In 2012, Grupo Yoli sold approximately 99 million unit cases of beverages and generated slightly above Ps. 4,000 million in net revenues.
