From Wikipedia, the free encyclopedia
Jump to: navigation, search
Fomento Económico Mexicano, S.A.B. de C.V.
Traded as BMVFEMSA
Industry Beverage, Retail
Founded 1974
Headquarters Monterrey, Mexico
Area served
Latin America and The Philippines
Key people
José Antonio Fernández
Carlos Salazar Lomelín
Revenue Increase Mex$ 263.4 billion (2014)
Increase US$ 19.8 billion
Increase Mex$ 16.7 billion (2014)
Increase US$ 1.3 billion
Total assets Increase Mex$ 376.1 billion (2014)
Increase US$ 28.3 billion
Number of employees
Website www.femsa.com/

Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico. It is also the second largest shareholder of Heineken International.

FEMSA reported revenues of US$ 19.2 billion for 2014, making it the fifth largest company of Mexico.[1] It has operations in Latin America and the Philippines, mainly through bottling plants. It is well known in Mexico for its convenience store chain Oxxo, its previously owned Cuauhtémoc Moctezuma Brewery (exchanged in 2010 for a 20% stake in Heineken), and for being the owner of the C.F. Monterrey, a Mexican First-Division football team.

FEMSA is listed on the Mexican Stock Exchange since 1978 and in the NYSE through ADRs since 1998. It is a constituent of the IPC, the main benchmark index of the Mexican Stock Exchange, and of the S&P Latin America 40, which includes leading, blue chip companies from Latin America.


FEMSA's roots can be traced back to the foundation of Cervecería Cuauhtémoc in 1890 by Isaac Garza de la Garza (married to Consuelo Sada Muguerza), Francisco G. Sada Muguerza, Alberto Sada Muguerza, José Muguerza Crespo, José Calderón Muguerza, and José María Schneider. Cervecería Cuauhtémoc was close to bankruptcy when its founders were forced to leave the country, after the brewery was taken over by Villistas and Carrancistas during the Mexican Revolution in 1910.

By 1936, the Garza and Sada families owned two interrelated groups, the Cervecería Cuauhtémoc and the Vidriera Monterrey. In 1936 both families decided to reorganize their stock holdings through the creation of Valores Industriales S.A. (later known as FEMSA) as a holding company to control both families' shares, especially Cervecería Cuauhtémoc and FAMOSA (Fábricas Monterrey, S.A.).

In 1988, after restructuring the company's debt, FEMSA (Fomento Económico Mexicano, S.A. de C.V.), the main subsidiary of VISA, was constituted by Eugenio Garza Lagüera, bringing together the beer, packaging, soft-drink and retail companies.

FEMSA Divisions[edit]

FEMSA is divided into four business units:

Coca-Cola FEMSA[edit]

FEMSA owns 53.7% of the world's second largest bottler of Coca Cola, Coca-Cola FEMSA, S.A. de C.V. (NYSEKOF), which operates in nine countries covering the metropolitan area of Mexico City, southeast Mexico, Central America and South America.

Coca-Cola FEMSA is the anchor bottler of Coca-Cola and its related soft drink products in much of Latin America. The company is an important part of the Coca-Cola System. Coca-Cola FEMSA distributes about 10% of the worldwide production of Coca-Cola products. This makes it, after Coca-Cola Enterprises the second largest Coca-Cola bottler in the world.

The company is owned 53.7% by FEMSA, 31.6% by the Coca-Cola Company and the remaining interest trades on the New York Stock Exchange and the Mexico City Stock Exchange.[2] The company is headquartered in Monterrey

The company is the bottler of Coca-Cola in half of Mexico (including Mexico City, Oaxaca, Tabasco, Guanajuato, Querétaro, Veracruz, Puebla and Michoacan) the Buenos Aires region of Argentina, São Paulo and other areas of Brazil, greater Guatemala City, Guatemala, most of Colombia, and all of Costa Rica, Nicaragua, Panama, Venezuela and the Philippines.

In 2003, the company distributed 1.8 billion unit cases of soft drinks. A unit case is 24 8-oz. servings (roughly 5.678 liters). The company also distributes beer and bottled water in some of its territories.[3]

On December 19, 2006, Coca-Cola FEMSA announced its attempt to buy out Mexican juice producer Jugos del Valle. It was acquired in 2007.

On 29 June 2011, was announced that FEMSA will merge to the bottling division of Grupo Tampico, agreeing to pay 9.3 billion pesos (790 million dollars) in stock for the Coke bottling operations of Grupo Tampico.[4] In September 2011, Coca-Cola FEMSA acquired Grupo Cimsa, a Coke bottler in Morelos, Mexico, Guerrero and Michoacan.[5]

FEMSA Comercio[edit]

FEMSA Comercio operates OXXO, the largest convenience store chain in Latin America, as well as other smaller convenience stores called “deposits.”

FEMSA Cerveza[edit]

FEMSA Cerveza previously owned Cervecería Cuauhtémoc Moctezuma, the second largest brewer in Mexico, just after Grupo Modelo, that produces well-known Mexican beers like Tecate, Sol, Dos Equis, Indio, and Kloster.

Since January 2006, FEMSA also owned 68% of FEMSA Cerveja Brasil, a South American brewery founded in 1982 in Brazil as "Cervejarias Kaiser." By 2005 the brewery had 8.7% of the market share in Brazil with annual production of 2,500 million litres. The brand was bought by Molson in 2002. Following the sale to FEMSA, Molson retained 15% of the company along with a seat on the board.[6]

On January 11, 2010, the Dutch brewing company Heineken International purchased the beer operations of FEMSA, in a stock swap that left FEMSA a 15% owner in the Heineken overall.[7]

FEMSA Insumos Estratégicos[edit]

FEMSA Insumos Estratégicos is designed to drive the business units’ development through quality products and services such as refrigeration, distribution and information solutions, among others. It is subsequently divided into:

FEMSA Logística[edit]

FEMSA Logística is in charge of the primary distribution (from production points to warehouses) of both Coca Cola FEMSA and FEMSA Cerveza products, as well as product delivery from warehouse to sales location for FEMSA Comercio. It is also in charge of repairing and maintaining all of FEMSA's motorized vehicles. FEMSA Logística functions through operational bases, relief bases and cross-docks, and warehouses that are strategically located throughout the country, and currently expanding into South America. It also provides logistics services to third parties.

FEMSA Empaques[edit]

FEMSA Empaques is in charge of designing and creating the bottles, as well as labels, for Cervecería Cuauthémoc Moctezuma products as well as refrigerators, and other promotional products. FEMSA Empaques operates 5 production plants: Silice del Itsmo, S.A. de C.V. (SISA); Vendo de México, S.A. de C.V. (VENDO); Plásticos Técnicos Mexicanos, S.A. de C.V.; Grafo Regia, S.A. de C.V.; and Quimiproductos, S.A. de C.V.

Since 1995, José Antonio Fernández has been the General Director of FEMSA. In 2001, José Antonio Fernández was elected as Chairman of the Board and of FEMSA.

Cascade Investments LLC[edit]

On December 20, 2007, Cascade Investments LLC, whose main partner is Bill Gates, announced it will invest $390 million in FEMSA. FEMSA's President Jose Antonio Fernandez said in a statement about the news: "This type of decision on the part of large investment funds is a show of recognition and confidence in our company's performance."

Lácteos Santa Clara[edit]

In July 2012, FEMSA announced that it had purchased Lácteos Santa Clara, one of the largest dairy bottlers in Mexico.[8]

See also[edit]


  1. ^ "Top 10 del Ranking 2014". CNN Expansión. Retrieved 2014-06-26. 
  2. ^ "FEMSA - Corporate Structure". Retrieved 2009-06-18. 
  3. ^ Coca-Cola FEMSA information FEMSA.com
  4. ^ Elinor Comlay (29 June 2011). "Mexico's Coca-Cola FEMSA open to more deals". Reuters.com. Retrieved 30 June 2011. 
  5. ^ Guthrie, Amy. "Mexico's Coca-Cola Femsa to buy bottler Cimsa". MarketWatch. Retrieved 2015-04-12. 
  6. ^ Molson Coors Press release
  7. ^ "Heineken agrees Mexican beer deal". BBC News. January 11, 2010. Retrieved May 2, 2010. 
  8. ^ [1]

External links[edit]