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