Arca looking to operate a Coca-Cola franchise in the U.S.

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Arca Continental, the Mexican soft-drink bottling company, which is the second largest producer of Coca Cola in Latin America, has recently signed a letter of intention with The Coca-Coca Company and the Coca-Cola Bottling Company UNITED, to operate a franchise of this brand of soft drinks in the U.S. Representatives of the Mexican Company, disclosed that a new enterprise, AC Drinks, will be set up, together with The Coca-Cola Company. UNITED will be a partner of AC drinks and it will independently operate in areas not included in the agreement, while The Coca-Cola Company will hold 20% of the stock shares of the new enterprise. The new enterprise will be based in the U.S. and will hold 11 production plants (9 in Texas and 2 in Oklahoma). The transaction is expected to be completed during the first trimester 2017.