MEXICO CITY (S&P Global Ratings) April 19, 2022--S&P Global Ratings today said that Fomento Económico Mexicano S.A.B. de C.V.'s (FEMSA; global scale: A-/Negative/--; national scale: mxAAA/Stable/mxA-1+) recent agreement to acquire Sigma Supply of North America Inc. (Sigma Supply; not rated), an independent specialized distribution company, follows FEMSA's strategy to build a leading distribution platform in the U.S. and won't affect its credit profile. With the acquisition, FEMSA will expand its distribution network in the Southern U.S and enhance its capabilities in packaging materials distribution, solutions, and services. We understand that Sigma Supply will add 18 distribution centers to FEMSA's specialized distribution subsidiary, Envoy Solutions (not rated), which will now have almost 70 facilities in 34 U.S. states. In our opinion,
