Femsa enters US cleaning supplies market

Femsa enters US cleaning supplies market

M&A Equity Mexico US

Mexican beverage and retail group Femsa said it will spend $900 million to take a controlling stake in a new joint venture with North American Corporation and Waxie Sanitary Supply in the US cleaning supplies market. "This transaction... fits well with our strategic intent of investing in adjacent businesses that can leverage [our] capabilities across different markets, while providing an opportunity for attractive growth and risk-adjusted returns," the Monterrey-based company said in a press re

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