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Fomento Economico Mexicano S.A.B. DE C.V. ADR NYSE: FMX-N

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FEMSA’s Envoy Solutions to acquire Next-Gen Supply Group, further expanding its footprint in the Northeast region of the United States

Globe Newswire - Tue Nov 16, 2021

MONTERREY, Mexico, Nov. 16, 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 Next-Gen Supply Group Inc., (“Next-Gen”), an independent specialized distribution company based in Mansfield, Massachusetts. Next-Gen will expand Envoy´s footprint in the Northeast by including Massachusetts and Connecticut. 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.

Read more at globenewswire.com

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