# FEMSA agrees to divest plastics solutions operations to AMMI

FEMSA reached a definitive agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million Mexican pesos on a cash-free, debt-free basis. Closing is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2024-10-28
- Where: Monterrey, Mexico
- Value: $156.0M (3.17B MXN)
- Status: announced
- Products: plastic packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [FEMSA](https://endata.com/companies/12419.md) (partner)
- [AMMI](https://endata.com/companies/12420.md) (acquirer)

## Sources

- [femsa.com](https://www.femsa.com/en/press-room/press-release/femsa-announces-agreement-with-ammi-affiliate-of-milenio-capital-to-divest-femsas-plastics-solutions-operations/), 2024-10-29: "to divest FEMSA's plastics solutions operations, for a total amount of $3,165 million pesos, on a cash-free, debt-free basis."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.