Mexico City, Jan. 29 - Mexican soft-drink bottler Embotelladoras Arca said Monday it has signed definitive agreements to buy regional snacks company Bokados.
The deal will give Arca a majority stake in Bokados and the right to increase that stake to 100% in the future. Terms weren't disclosed for the acquisition, which was announced as a preliminary agreement early this month.
Monterrey-based Arca said the acquisition is part of its strategy of entering new business lines where buying patterns and habits are similar to those of the soft-drink market.