Coca-Cola FEMSA, S.A.B. de C.V., the largest public bottler of Coca-Cola products in the world in terms of sales volume, and Grupo Tampico S.A. de C.V. and its shareholders, have announced the successful merger.
Coca-Cola FEMSA held an ordinary and extraordinary shareholders meeting Monday at which the company’s shareholders approved this merger, amended the company’s by-laws to increase the number of board members from 18 to 21 and appointed Herman Fleishman president and Robert Fleishman, vice president of Grupo Tampico, as director and alternate director.
Coca-Cola FEMSA assumed Tampico’s in net debt.
Coca-Cola FEMSA will start integrating the Grupo Tampico’s beverage division this month.