Mexico’s Embotelladoras Arca seeks candy maker to bolster salty snack strategy
Embotelladoras Arca, the second-largest Coca-Cola bottler in Mexico, is seeking to buy a candy company to complement its expansion into salty snacks, chief executive Francisco Garza said.
Arca wants a confectionary business with sales of at least $50 million to jump-start its candy business. The bottler began selling salty snacks three years ago and now generates sales of about $100 million a year.
“I have no doubt that the commitment is to grow in this region,” he said, referring to Central and South America.
Original source: Bloomberg