Mexico's Femsa seals $1.7 bln deal with BradyIFS for joint platform
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MEXICO CITY, Aug 29 (Reuters) - Mexican bottler and retailer Femsa said on Tuesday it has reached an agreement with U.S. distributor Bradyifs to create a supply platform for cleaning products, food disposable and packaging in the United States.
In a statement, Femsa said it will receive $1.7 billion in cash and will hold 37% stake on the platform. (Reporting by Raul Cortez; Writing by Carolina Pulice; Editing by Sarah Morland)
