Fomento Económico Mexicano (FEMSA) has accomplished the divestiture of its plastics options operations to AMMI, an affiliate of Milenio Capital.
The transaction, which was finalised for a complete quantity of three.16bn pesos ($153.5m), was executed on a cash-free, debt-free foundation.
On 28 October 2024, FEMSA reached a definitive settlement with AMMI.
This transaction marks one other step within the ongoing implementation of the FEMSA Ahead plan, which was introduced in February 2023.
AMMI, a US-headquartered diversified company, is recognised for its 59-year experience within the meals and beverage trade.
It operates in Central America and the Caribbean, producing crown caps and sustainable plastic packaging via its subsidiaries PLIHSA Crown Caps and PLIHSA Plastic Injection, respectively.
The holding goals to realize carbon neutrality by 2030. Different corporations underneath AMMI embody PLIHSA Company Providers and Fairness.
Moreover, AMMI’s Millfoods, a non-genetically modified organism corn manufacturing plant in Mexico, serves varied sectors and exports to 180 international locations, additional underlining the corporate’s international attain.
Then again, FEMSA is thought for working OXXO, a sequence of small-format shops.
Within the beverage sector, it operates via Coca-Cola FEMSA, the biggest franchise bottler of Coca-Cola merchandise globally by quantity.
FEMSA employs greater than 392,000 folks throughout its enterprise items in 18 international locations.
“FEMSA completes plastics operations divesture to AMMI in Mexico” was initially created and revealed by Packaging Gateway, a GlobalData owned model.
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