FEMSA Divests Equipment Units for $8B Pesos

Fomento Economico Mexicano (FMX) has released an update.

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) has struck a deal to sell its refrigeration and foodservice equipment divisions, Imbera and Torrey, to private equity firm Mill Point Capital for $8,000 million pesos. The divestiture is a part of the company’s strategic FEMSA Forward plan and is awaiting regulatory approval, with the expectation to finalize in the coming months. This move aligns with FEMSA’s focus on enhancing its core business operations and overall strategic execution.

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