No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessTop food distributor Sysco acquires half of Costa Rican group Mayca

Top food distributor Sysco acquires half of Costa Rican group Mayca

U.S. food service distributor Sysco Corp. on Tuesday confirmed it has agreed to purchase 50 percent of Costa Rica’s Mayca Distribuidores S.A and three other affiliates at an undisclosed price.

According to the terms of the agreement, Sysco will own half of the stock in privately held Mayca.

Mayca, which has been in business since 1995, is a food distributor of some 5,000 products across Costa Rica, and in addition to its distribution business, has seven retail locations in San José, Cartago, Alajuela and Heredia.

Local operations also include a cold-storage company and a truck-leasing company.

At the end of 2013, Mayca employed 405 people, all of whom will remain in place at the close of the transaction, Mayca’s marketing manager, Sharon León, said.

The deal awaits regulatory revision by local authorities, but when completed will make Costa Rica the fifth country where Sysco will have a food service distribution company. Mayca will be their first location in Central America.

Popular Articles

Costa Rica Tightens Prison Rules, Adopts El Salvador’s Bukele Model

The Costa Rican Ministry of Justice and Peace has unveiled sweeping reforms to the nation’s penitentiary system, drawing inspiration from El Salvador’s hardline security...

Why I Left Corporate America for a Jungle Eco-Lodge in Costa Rica

I didn’t move to Costa Rica for its beaches or rainforests. I moved for a man—Daniel, my high school sweetheart. It sounds like a...

Poás Volcano Eruption Blankets Costa Rica’s Central Valley in Ash

Volcán Poás erupted with significant force today, sending an ash and gas plume soaring over 2,000 meters above its crater, marking the most intense...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles