FEMSA completed the minority investment in JRD.

FEMSA, a Mexican multinational beverage and retail company, completed its minority investment in JRD, a wholesaler of business-to-business cash and carry retail foodservice segment. Financial terms were not disclosed. The transaction includes investment in the operating and real estate-holding entities of JRD. The agreements include the terms and conditions for a proposed Joint Venture of FEMSA and JRD to take JRD’s business model to Mexico and other Latin American markets. Each partner would own 50% of the Joint Venture.