.
MergerLinks Header Logo

Announced

Completed

FEMSA completed the acquisition of a majority stake in WAXIE and North American for $900m.

Financials

Edit Data
Transaction Value£712m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

facility management

floor care

United States

paper products

Private

packaging solutions

Majority

Acquisition

Janitorial

marketing solutions

Household Equipment and Products

Single Bidder

Cross Border

Completed

Synopsis

Edit

Fomento Economico Mexicano, a beverages manufacturer, completed the acquisition of a majority stake in WAXIE Sanitary Supply, a supplier of sanitary products, and North American, a facility management business service provider, for $900m. This transaction is consistent with FEMSA’s capability set and fits well with FEMSA’s strategic intent of investing in adjacent businesses that can leverage those capabilities across different markets, while providing an opportunity for attractive growth and risk-adjusted returns. The transaction is subject to customary regulatory approvals and is expected to close during the first semester of 2020.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US