Arca Postpones Herdez Acquistion

Mexican bottling company Arca has “postponed indefinitely” its offer to buy a non-controlling stake in local food processor Grupo Herdez. Arca had said it would spend up to $288 million in Herdez, a family-owned business controlled by the Hernández-Pons family. Monterrey-based Arca is Mexico’s second-largest Coca-Cola bottler.