Coca-Cola FEMSA, the largest public bottler of Coca-Cola products in the world by sales volume, announces that its Brazilian subsidiary, Spal Industria Brasileira de Bebidas S.A.(Spal), has reached an agreement with the shareholders of Vonpar to acquire 100% of Vonpar, one of the largest privately owned bottlers in the Brazilian Coca-Cola system, for an aggregate enterprise value of R$3,578 million and an approximate equity value of R$3,508 million (which is subject to confirmation on debt, cash and other customary adjustments between signing and closing). During the last twelve months ended June 30, 2016, Vonpar sold 190 million unit cases of beverages, including 23 million unit cases of beer, generating R$2,026 million in net revenues and an EBITDA of R$335 million.
On 23 February 2015, 217 workers of Sorocaba Refrescos SA, which produces, markets and distributes Coca Cola Company products, received a notice from the company about their dismissal justified by the need to restructure the distribution services.
After several unsuccessful negotiations with management of Coca Cola franchise in Bahia, workers in the manufacturing unit of Salvador plant began to mobilize due to the huge gap between what they claim and what the company offers.
As reported by STI Bebidas, the trade union for the Coca-Cola bottler Remil in Minas Gerais, Brazil, which has been acquired by Coca-Cola Femsa some months ago, wage negotiations have reached a deadlock. Read an interview with union president Hamilton Jeronimo da Silva in Spanish on the REL-UITA website.
Workers at the Coca-Cola FEMSA distribution centre in Cosmopolis, Brasil, succeded to repeat the achievement of their colleagues in Jundiai and removed the "working time account" system, a form of working time flexibilisation detrimental to workers.