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.

Trending Now

Plastic Pollution Costs $1.5 Trillion Annually

Representatives from 184 countries began negotiations on Tuesday at the UN headquarters in Geneva to draft, within ten days, the first global treaty aimed...

Guatemala Plans Visit to Migrants Held in Alligator Alcatraz Detention Center

The government of Guatemala confirmed on Friday that it arranged a visit to a detention center known as the "Alligator Alcatraz," located in a...

Costa Rica Vacation Marks New Chapter for Megan Fox and MGK

Actress Megan Fox and musician Machine Gun Kelly, whose real name is Colson Baker, recently headed to Costa Rica for a family vacation with...

Costa Rica Detains Two in Killing of U.S. Citizen

The Judicial Investigation Agency (OIJ) has arrested two suspects in connection with the murder of American businessman Eshraghollah Vatani. Vatani was reported missing at...

Costa Rica Hit by Trump’s Latest Tariff Hike Targeting Dozens of Countries

U.S. President Donald Trump has signed a executive order raising tariffs on dozens of countries, including Costa Rica, as part of a broader effort...

The Day Costa Rica Stopped to Celebrate Claudia Poll’s Olympic Victory

In the decades I have lived here, there were two sporting events that were so big that the country came to a brief standstill....
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
Costa Rica Travel

Latest News from Costa Rica