Tuesday 2 March 2021

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.

- 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 -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

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

Legislative Assembly officially inaugurated new building amid protests and disorder

QCOSTARICA - Costa Rica's Legislative Assembly officially inaugurated its new building this Wednesday, February 24, 2021,  five months after the legislative branch of government...

Costa Rica Celebrates 200th This Year

QCOSTARICA - This year Costa Rica celebrates 200 years of independent life. And the road to commemorate the 200th has begun with the launch...

CNE: 19 cantons maintain a high risk of contagion

QCOSTARICA - In total, 19 cantons in six provinces maintain a high risk of contagion by COVID-19, according to the last update from the...

Can you pay your bills by playing baccarat online?

Casino and baccarat is a term of love. Gambling is known to bring a lot of happiness provided your luck supports you, but how...

Costa Rica signs an agreement to become a full member of CAF

(BNamericas) - In order to strengthen the well-being of the population and the sustainable development of the country, Costa Rica has been incorporated a...

569 people participate in a study to evaluate the body’s defenses against Covid-19

QCOSTARICA - 569 people from different communities in the country have been part of the study “Evaluación de la respuesta inmune al Covid-19 en...

When Should you Stop Playing Blackjack

The blackjack game is associated with excitement and joy. The players experience great enthusiasm while playing the game because of its great rewards for...

Loans in dollars loses attractiveness for those who earn in colones

QCOSTARICA - Loans in dollars, which had a great boom in 2000, began to slow down since 2016 and today, despite the fact that...

97 labs test those who need to leave the country for covid-19 antigens

QCOSTARICA - Need to leave the country and require a test to detect SARS-CoV-2, the coronavirus that causes covid-19? The Cámara Costarricense de la Salud...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.