Friday 17 September 2021

Mexico’s Sigma Buys Costa Rica’s Monteverde

Paying the bills

Latest

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of...

Covid-19 contagion rate drops, but hospitals still under pressure

QCOSTARICA - The contagion rate of covid-19 once again...

More than 1.1 million vaccines against covid-19 have been received so far in September

QCOSTARICA - With the arrival of 157,950 doses of...

Chile reopens borders to visitors ahead of summer tourism season

Q24N - SANTIAGO (Reuters) - Chile announced plans to...

Chile among the 5 countries that are opening up and living with Covid

Q REPORTS - London (CNN) - More than 18...

Why buy a flat in Dubai

Investing and getting a good income is one of...

Today’s Vehicle Restriction September 17: Plates ending in “9 & 0” CANNOT circulate

QCOSTARICA - For today, Friday, September 17, vehicles with...
Paying the bills

Share

8-20-08 - 1 Monteverde Cheese IMG_3117The Mexican company Sigma Alimentos announced Monday its purchase of the Costa Rican dairy Productores de Monteverde, adding to its presence in the Costa Rican market.

The announcement was made in a brief press release, which did not provide details of the purchase price or the terms of the purchase.  Julio Mijares, Sigma’s director of operations in Costa Rica, made the announcement.

For months rumours had been circulating about Dos Pinos looking to aquire Monteverde, in an effort to strengthen its cheese products and compete with European product entry in the Acuerdo de Asociación (Association Agreement) between Central America and the European Union. The agreement is pending first debate in the Legislature.

- Advertisement -

Sigma has been operating in Costa Rica since 2002, when it acquired Embutudos Zar, producers of packaged meats and Industrias Lácteas Tecnificadas (Inlatec), a cheese specialty company and the main provider to Pizza Hut.

The press release explained that Sigma has operations in 10 countries and in 2012 had sales of US$3.4 billion dollars.

Source: Summa

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.