FEMSA’s Envoy Solutions reaches agreement to acquire Johnston Paper, expanding its footprint in the Northeast region of the United States
Fomento Economico Mexicano S.A.B. de C.V. (FMX)
Last fomento economico mexicano s.a.b. de c.v. earnings: 10/26 05:05 pm
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Source: GlobeNewswire
MONTERREY, Mexico, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that Envoy Solutions, FEMSA’s specialized distribution subsidiary in the United States, reached an agreement to acquire Johnston Paper Company, Inc., (“Johnston Paper”), an independent specialized distribution company based in Auburn, New York. Johnston Paper will enhance Envoy Solutions´ existing footprint in the Northeast by increasing its reach into the Upstate New York area. This transaction represents another important step in FEMSA’s strategic path to build a leading national distribution platform in the United States. Revenues of the acquired business for the last twelve months as of October 2021, were over US$ 90 million. The transaction is subject to customary closing conditions and approvals and is expected to close during the fourth quarter of 2021. About FEMSAFEMSA is a company that creates econom
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News
- FEMSA Schedules Conference Call to Discuss First Quarter Financial ResultsGlobeNewswire
- FEMSA Shareholders’ Meeting ResolutionsGlobeNewswire
- FEMSA Announces Accelerated Share Repurchase AgreementGlobeNewswire
- Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- FEMSA (FMX) Q4 Earnings Miss Estimates, Revenues Surpass [Yahoo! Finance]Yahoo! Finance
FMX
Sec Filings
- 3/25/24 - Form 6-K
- 3/15/24 - Form 6-K
- 2/23/24 - Form 6-K
- FMX's page on the SEC website