Femsa's envoy solutions to acquire next-gen supply group, further expanding its footprint in the northeast region of the united states

Monterrey, mexico, nov. 16, 2021 (globe newswire) -- fomento econÓmico mexicano, s.a.b. de c.v. (“femsa” or the “company”) (nyse: fmx; bmv: femsaubd, femsaub) announced today that envoy solutions, femsa's specialized distribution subsidiary in the united states, reached an agreement to acquire next-gen supply group inc., (“next-gen”), an independent specialized distribution company based in mansfield, massachusetts. next-gen will expand envoy´s footprint in the northeast by including massachusetts and connecticut. this transaction represents another important step in femsa's strategic path to build a leading national distribution platform in the united states. revenues of the acquired business for the last twelve months as of october 2021, were over us$ 90 million.
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