Arca Continental SAB de CV : 6 April 2016 Arca Continental invests in argentine sugar industry
April 06, 2016 at 04:48 pm EDT
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Tucuman, Argentina, April 6, 2016.- Arca Continental, the second-largest Coca-Cola bottler in Latin America, announced today, through its subsdiary in Argentina, Salta Refrescos, that it reached an agreement with Grupo Minetti to acquire the La Fronterita sugar production assets in the Province of Tucuman, Argentina.
As a result of this transaction, a strategic plan will be put in place to modernize and equip the acquired production facilities, which give Arca Continental access to 100,000 tons of sugar to strengthen part of the supply of this key input.
'This investment confirms the trust our Company has placed in the country, which we entered in 2008, with a vision of creating long-term value. We wish to thank the authorities for their support and reiterate our commitment to continue participating in Argentina's economic development,' stated Juan Alba Loaiza, Director of Arca Continental Argentina.
The Chairman of the Board of Grupo Minetti, Fernando Cornu de Olmos, highlighted the benefits of this alliance for the sugar industry in Argentina.
'We are very optimistic to see an international enterprise like Arca Continental continuing to invest in Argentina and betting on the development of its economy. We believe that this agreement will stimulate and modernize the sugar industry in Tucuman, which will only increase the competitiveness of the region over the long-term,' added Cornu.
Arca Continental reiterates its commitment to Argentina and its confidence in the country's institutions to collaborate on developing value-creation opportunities that support the well-being of the communities it serves.
About Arca Continental
Arca Continental produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company brand, as well as snacks under the brands of Bokados in Mexico, Inalecsa in Ecuador and Wise in the U.S. with an outstanding history spanning more than 90 years. Arca Continental is the second-largest Coca-Cola bottler in Latin America and one of the largest in the world. Within its Coca-Cola franchise territory, the Company serves over 83 million consumers in Northern and Western Mexico, Ecuador, Peru and Northern Argentina. The Company's shares trade on the Mexican Stock Exchange under the ticker symbol 'AC'. For more information on Arca Continental, please visit www.arcacontal.com
Arca Continental SAB de CV issued this content on 06 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 April 2016 20:47:31 UTC
Original Document: http://www.arcacontal.com/presscenter/press-releases/arca-continental-invests-in-argentine-sugar-industry.aspx
Arca Continental SAB de CV is a Mexico-based company primarily engaged in the beverages sector. The Company's activities are divided into two business segments: Beverages and Other. The Beverages division produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company (TCCC) license in Mexico, Argentina, Ecuador and Peru, as well as dairy beverages of the Santa Clara brand name in Mexico and Toni brand name in Ecuador. Its TCCC beverages portfolio includes cola and flavored drinks, vitamin, low-calorie and energetic drinks, juices, as well as purified and flavored water, among others. The Companyâs brand names range comprises Ciel, del Valle, Powerade, burn, FUZE Tea and vitaminwater, among others. The Other division focuses on the sale of beverages through vending machines in Mexico, as well as manufacture and distribution of snacks and candies under the brand names Bokados in Mexico, Inalecsa in Ecuador and Wise in the United States.
ARCA CONTINENTAL, S.A.B. DE C.V. 
