KOF Picks Up Brazilian Bottler

KOF Picks Up Brazilian Bottler

M&A

Mexican bottler Coca-Cola Femsa (KOF) has agreed to buy Brazilian firm Companhia Fluminense de Refrigerantes (CFR) for $448m in an all-cash deal that broadens the firm’s LatAm footprint. CFR’s Ebitda came to $40m in the year to the end of March. The acquisition was seen as positive for KOF by one analyst following the company, who says the deal is small for the buyer but offers synergies with its existing business. CFR operates in parts of Brazilian state Minas Gerais, Rio de Janeiro and Sao Pau

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