Announced
Financials
Tags
Acquisition
Domestic
Specialty Retailers
Private
distribution services
United States
Pending
Friendly
Majority
Single Bidder
Synopsis
FEMSA-backed Envoy Solutions, a distribution subsidiary, agreed to acquire Penn Jersey Paper, an independent specialized distribution company. Financial terms were not disclosed. This transaction represents another important step in FEMSA’s strategic path to build a leading national distribution platform in the United States. The transaction is subject to customary closing conditions and approvals and is expected to close during the third quarter of 2021.
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