The transaction was initially announced to the market last July, once Femsa reached an agreement with Mill Point Capital LLC, a private equity firm.

Mexican conglomerate Femsa has successfully completed the divestment of its refrigeration equipment and food service operations, Imbera and Torrey, for a total amount of 8 billion Mexican pesos (US$394 million), net of cash and debt.

This divestment was initially communicated to the market last July, once Femsa reached an agreement with Mill Point Capital LLC, a private equity firm, to proceed with this operation.

This transaction represents an additional step in the continued execution of the Femsa Forward plan that was announced in February 2023.

The transaction was subject to regulatory approvals and other customary conditions and was expected to close in the coming months, which has now occurred.

Last week, Femsa reached a definitive agreement with AMMI, a corporation focused on the production of non-GMO corn and sustainable plastic packaging, a subsidiary of Milenio Capital, to divest its plastic solutions operations for a total amount of 3.165 billion Mexican pesos (US$ 156 million), net of cash and debt.