MEXICO CITY -- Swiss food company Nestle S.A. will expand its holdings in the world chocolate market when it acquires Mexico's largest chocolate maker, Fabrica de Chocolates La Azteca S.A. de C.V., from Chicago-based Quaker Oats Co. In a definitive agreement announced last month, Nestle's Mexican subsidiary Nescalin S.A. de C.V. agreed to purchase La Azteca for an undisclosed price. Quaker Oats had previously announced plans to sell the Mexican unit to help finance its acquisition of ...
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