Formento Econmico Mexicano S.A.B de CV is a Mexican company that provides beverages.
The company was founded in 1890 by Isaac Garza, Jose A Muguerza, Francisco G Sada, Jose Calderon, Joseph M Schnaider.
It claims to have presence in 13 countries across the globe, including Brazil, Chile, Argentina, Mexico, the United States, Peru, and Panama.
The Mexican firm along with its subsidiaries distributes, markets and produces non-alcoholic beverages. It is reportedly the largest franchise bottler for Coca-Cola in the beverage industry by volume.
The firm’s stock symbol on the New York Stock Exchange is ‘FMX’.
The company claims to create value for its shareholders by focusing on ESG and sustainability.
In the beverage industry, it operates as Coca-Cola FEMSA, a public bottler of its products.
The Mexican-based beverage company claims to be a shareholder in HEINEKEN in the beer sector. Under the corporate name of FEMSA, the company offers solutions for point of sale refrigeration, logistic services and plastic solutions to external customers and its associated companies.
The beverage company is also engaged in various retail trade through FEMSA Comercio, which consists of small-format store chain and health division under the name OXXO.
Other business segments includes fuel division, pharmacies and related activities, FEMSA Comercio, fuel division, and strategic business.
It also operates the FEMSA Foundation formed in 2008. The foundation reportedly engages in several social investments to create a positive impact on the lives of people.
The Mexican beverage firm claims to work with over 250 partners across 18 countries. In addition, it claims to have more than 265 million consumers, around 19834 OXXO stores in Colombia. Mexico, Chile, and Peru.
The company further claims to have nearly 320,000 collaborators under different business units. Some of its subsidiaries include OXXO, Coca Cola FEMSE S.A.B de CV, Solistica, Southern Paper Group Inc, FEMSA Logistica SA de CV, and Farmacias Acuna.