Coca-Cola FEMSA began as a joint venture with The Coca-Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panamerican Beverages (Panamco), another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013, until 2018 when the company was then renamed to
Coca-Cola Beverages Philippines. In 2007, Coca-Cola FEMSA acquired
Jugos del Valle in a joint venture with The Coca-Cola Company. In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais. In 2011, the company merged
Grupo Tampico and Corporación Los Angeles. Later that same year, Coca-Cola FEMSA acquired Grupo Industrias Lacteas, parent company of
Estrella Azul, in a joint venture with The Coca-Cola Company. In 2013, the company merged more bottling operations with Grupo
Yoli as well as acquiring Brazilian companies Companhia Fluminense de Refrigerantes and Industria Brasileira de Bebidas. In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia. The company completed its $1 billion acquisition of VONPAR in Brazil in 2016. Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from
Unilever in a joint venture that same year. ==See also==