Sunday, 12 July 2020

Mexico’s Sigma Buys Costa Rica’s Monteverde

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.

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.

- paying the bills -

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

Source: Summa

- paying the bills -
- paying the bills -
Rico
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...

MOST READ

McDonald’s donates ¢20 million in food to law enforcement officers

More than 5,000 police officers will benefit from the donation of ¢20 million colones in food by Arcos Dorados, the company that operates...

COVID-19 deaths in Costa Rica climb to 25

(QCOSTARICA) Two deaths by COVID-19 were recorded on Wednesday, July 8, for an accumulated total of 25. Death 24 was announced at the noon presser...

Reactive and non-proactive measures to deal with the health emergency will be announced Friday

(QCOSTARICA) Despite the fact that at the noon presser President Carlos Alvarado assured that he would announce the new restrictions to face the peak...

Ultraviolet radiation index map for Tuesday July 7, 2020

(QCOSTARICA) Although we are in the rainy or "green" season, the sun can be strong and we have to take care of exposure to...

Death 21 by COVID-19 in Costa Rica confirmed

(QCOSTARICA) The Ministry of Health, this Monday morning, July 6, confirmed death number 21 in the country, by COVID-19. The deceased was an 81-year-old man,...

3rd death by COVID-19 today Monday: total now 23

(QCOSTARICA) The number of deaths increased today, Monday, July 6, 4 months after the first case of COVID-19 in Costa Rica, to 23, with...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.