 MONTERREY, Mexico, Sept. 08, 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, FEMSAs specialized distribution subsidiary in the United States, reached an agreement to acquire Penn Jersey Paper Co. PJP, an independent specialized distribution company based in Philadelphia, Pennsylvania. PJP fits well with FEMSAs distribution footprint along the East Coast, expanding its coverage to include the Philadelphia metro area and New York City. This transaction represents another important step in FEMSAs 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 June 2021, were over US 200 million. 