No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rican company Dos Pinos acquires Panama’s largest dairy company

Costa Rican company Dos Pinos acquires Panama’s largest dairy company

Dos Pinos, the largest dairy company in Costa Rica, on Sunday announced its purchase of Nevada, a producer of milk and fruit juices in Panama.

This company was owned by Refrescos Nacionales, a subsidiary of Panama’s national brewery, which belongs to the multinational SABMiller.

The information was confirmed yesterday by Jorge Pattoni, Dos Pinos general manager, in a statement indicating that the agreement was signed on Jan. 18.

Nevada is located in Chiriqui, a Panamanian province bordering southern Costa Rica.

The acquired infrastructure has an installed capacity to process 100,000 liters of milk per day and produces whole, skimmed, semi-skimmed and flavored milk, and also fruit juices under the brands Nevada and Tutti Frutti Chiricana.

Dos Pinos described the acquisition as “strategic” and part of its foreign expansion plans.

According Pattoni, Nevada controls approximately 70 percent of the Panamanian milk market.

Dos Pinos, a 100 percent Costa Rican firm, has 600 different lines of products and exports some $84 million annually. Currently, the company exports to Central America, United States, Trinidad and Tobago, Dominican Republic, Cuba, Aruba and Venezuela, among others.

The transaction must receive the approval of Panama’s Consumer Protection and Competition Authority to be final.

Popular Articles

Costa Rica’s Medical Marijuana Rollout: Legal Relief or Just a Loophole?

Last month, the Costa Rican Ministry of Health approved a regulation to facilitate the sale of “medical cannabis products” aka weed, ganja, grass, mota,...

Coca-Cola FEMSA Invests $45M to Expand Costa Rica Plant

Coca-Cola FEMSA announced a $45 million investment in its production plant in Calle Blancos, Costa Rica, on March 17, 2025. This project will increase...

Domestic Violence Surges in Costa Rica Amid Deepening Social Crisis

Costa Rica’s image as a peaceful haven is cracking—not just on the streets, where homicides are spiking, but inside homes, where domestic violence has...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles