Coke Bottler Eats Up Cheez Doodle Maker, Ecuador Snack Co.
By Kelly Rizzetta (December 18, 2012, 6:04 PM EST) -- Mexican Coca-Cola Co. bottler Arca Continental SAB de CV dramatically expanded its snack food division with the purchase of a leading Ecuadorean snack company and private equity-backed Wise Foods Inc., maker of the eponymous potato chips and Cheez Doodles, the buyer announced late Monday.
The acquisitions give Arca major footholds in the eastern U.S., Ecuador and Europe, which is the main export market for Ecuadorean company Industrias Alimenticias Ecuatorianas SA, known as Inalecsa, according to a statement from the parties. Arca already has a domestic customer base of about 53 million, it said.
"The integration of Wise Foods and Inalecsa reinforces...
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