Santa Clara, which is based in the central Mexican city of Pachuca, manufactures a number of dairy products including milk, yogurt and ice cream.
The acquisition represents Coca-Cola’s latest attempt to expand its presence in the growing global dairy sector.
Jugos del Valle, which is jointly owned by the Atlanta-based firm and the Mexican bottlers of Coca-Cola brand products, Coca-Cola FEMSA, looks set to complete the transaction for an undisclosed sum after the Mexican Federal Competition Commission approved the sale.
