Press Release Arca Continental-Carolina
MONTERREY, MEXICO - Seale & Associates, Inc. ("Seale") announced it acted as exclusive financial advisor to Arca Continental, S.A.B. de C.V. (BMV: AC), the second-largest Coca-Cola bottler in Latin America and parent company of Wise Snacks, Deep River, Bokados and Inalecsa, on the acquisition of Carolina Country Snacks ("CCS"), a manufacturer and distributor of pork rinds and salty snack products in the United States. Through this acquisition, Arca Continental strengthens its US snacking offering and leadership by adding a staple pork rinds brand to its product lines, while strengthen its distribution presence in the North East U.S.
"Snacking is stronger than ever and so is the competition for finding quality opportunities that actually create value for our clients. We are delighted in assisting our friends at Arca Continental acquire CCS and witness its growth under the attractive AC Snacks portfolio." commented Adan E. Sierra, Managing Director, Seale & Associates. Previously, Seale was the exclusive financial advisor to Arca Continental on the acquisition of Wise Foods in 2012 and Deep River in 2017.
Founded by Dwight Frazier, Carolina Country Snacks is a manufacturer of salty snack products on the eastern coast of the United States, operating in 26 states with strong presence in North and South Carolina. Best known for its pork rinds, Carolina Country Snacks also offers cheese curls and popcorn snacks. Headquartered in Henderson, North Carolina, the Company operates 3 manufacturing facilities with a combined area of 44,000 sq. ft.
Arca Continental is a company dedicated to the production, distribution, and sale of non-alcoholic beverages which are brand names of The Coca-Cola Company as well as salty snacks under the brands of Bokados in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding track record of more than 92 years, Arca Continental is the second largest Coca-Cola bottling company in Latin America and one of the most important in the world. Within its Coca-Cola franchise, the company serves a population of more than 83 million in the northern and western parts of Mexico as well as Ecuador, Peru, the northern region of Argentina and the Southwestern United States. Arca Continental had total sales of approximately US$8.3 billion for the last twelve months as of September 30, 2018. Arca Continental is listed on the Mexican Stock Market under the ticker symbol "AC" with a current market capitalization of approximately US$9.9 billion.
Seale & Associates, headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. For more information please visit: www.sealeassociates.com