Colombian group acquires Costa Rica’s Pops ice cream
Colombian Group Nutresa announced the final purchase of 100 percent of the shares of American Franchising Corp (AFC), owner of Tico-born company Pops ice cream, in a transaction of approximately $110 million.
Nutresa on Monday will take control of Pops’ 180 parlors distributed throughout Central America and in Florida, U.S., the daily La Nación reported Friday.
As part of the transaction Nutresa also acquired the production plant, Entrepans coffee shops and the distribution franchises of Haagen Dazs and General Mills (Nature Valley, Betty Crocker and Chex Mix) in the region.
Pops started operations in 1968 in San José, with a single ice cream parlor and a small production plant, both located in the same building. It subsequently expanded to the Central American region.
You may be interested

Slothy Sunday: End your February with a sloth
The Tico Times - February 28, 2021Happy Slothy Sunday from Costa Rica! We hope you enjoy the rest of your weekend, and the end of February…

How can I immigrate to Costa Rica?
Lic. Jorge Montero B. - February 28, 2021Back in September 2016, when we lived in a completely different social environment, not yet affected by the global pandemic,…

Central America begins ban to protect lobster
AFP and The Tico Times - February 27, 2021Countries of Central America and the Dominican Republic on Monday will begin a ban to protect the Caribbean spiny lobster…