Bulletin: FEMSA's Investment In The U.S. Specialized Distribution Industry Supports Expansion And Shouldn't Affect Credit Metrics - S&P Global Ratings’ Credit Research

Bulletin: FEMSA's Investment In The U.S. Specialized Distribution Industry Supports Expansion And Shouldn't Affect Credit Metrics

Bulletin: FEMSA's Investment In The U.S. Specialized Distribution Industry Supports Expansion And Shouldn't Affect Credit Metrics - S&P Global Ratings’ Credit Research
Bulletin: FEMSA's Investment In The U.S. Specialized Distribution Industry Supports Expansion And Shouldn't Affect Credit Metrics
Published Mar 10, 2020
2 pages (1158 words) — Published Mar 10, 2020
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Abstract:

MEXICO CITY (S&P Global Ratings) March 10, 2020--Fomento Económico Mexicano S.A.B. de C.V. (FEMSA; global scale: A-/Stable/--; national scale: mxAAA/Stable/mxA-1+) recently announced definitive agreements with Waxie Sanitary Supply (WAXIE; not rated) and North American Corporation (North American; not rated) shareholders to form a new platform within the janitorial/sanitation (jan-san), packaging, and specialized distribution industry in the U.S. The combined entity will bring together two market leaders in this business, while FEMSA will acquire a majority stake and contribute with its proven organization and management of supply chains and its expertise and experience in distribution systems. We believe the investment supports FEMSA's ongoing strategic and geographic expansion into complementary businesses with attractive growth opportunities, and that this wouldn't affect its credit

  
Report Type:

Bulletin

Ticker
FEMSAUB@MM
Issuer
Fomento Economico Mexicano S. A. B. de C. V.
GICS
Soft Drinks (30201030)
Sector
Global Issuers
Country
Mexico
Region
Latin America
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: FEMSA's Investment In The U.S. Specialized Distribution Industry Supports Expansion And Shouldn't Affect Credit Metrics" Mar 10, 2020. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-FEMSA-s-Investment-In-The-U-S-Specialized-Distribution-Industry-Supports-Expansion-And-Shouldn-t-Affect-Credit-Metrics-2395383>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: FEMSA's Investment In The U.S. Specialized Distribution Industry Supports Expansion And Shouldn't Affect Credit Metrics Mar 10, 2020. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-FEMSA-s-Investment-In-The-U-S-Specialized-Distribution-Industry-Supports-Expansion-And-Shouldn-t-Affect-Credit-Metrics-2395383>
  
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