Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA), a beverage bottler and convenience-store retailer, has set its sights on becoming a major player in the United States after its 2024 acquisition of 249 Delek locations, officials said. The $385 million deal with Delek US Holdings, Brentwood, Tennessee, established FEMSA in the southwest United States, primarily in Texas but also in New Mexico and Arkansas. The stores, previously operated under the DK Convenience brand, are transitioning to OXXO. The chain will retain a branded fuel partnership with Alon and DK Fuel, owned by Delek.

Monterrey, Mexico-based FEMSA owns the world's largest Coke bottler, Coca-Cola Mexico. Its Proximity Americas Division operates the OXXO convenience-store chain and related retail formats in Mexico, Central America and South America, and now in North America. Its Proximity Europe Division operates Valora, its European retail c-store unit.

The company has roughly 24,600 locations in South America, including about 23,000 in Mexico, 550 in Brazil, 550 in Colombia, 200 in Peru and 300 in Chile.

For benchmarking purposes, store counts are as of Jan. 1, 2026.