Top food distributor Sysco acquires half of Costa Rican group Mayca

May 13, 2014
1 Comments

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.

You may be interested

Costa Rica’s guilty voters
No Sugar Please
33 views
No Sugar Please
33 views

Costa Rica’s guilty voters

Álvaro Murillo - May 25, 2018

By what I have done, and by what I have left undone. A relative of mine is 70 years old…

Fed up: Nicaragua’s uprising
Nicaragua
58 views
Nicaragua
58 views

Fed up: Nicaragua’s uprising

Alexander Villegas - May 25, 2018

We all heard it. University students and protesters across Nicaragua stood up against the country’s increasingly authoritarian president, Daniel Ortega,…

Costa Rican entrepreneur launches swimwear line to empower women
Changemakers
148 views
Changemakers
148 views

Costa Rican entrepreneur launches swimwear line to empower women

Elizabeth Lang - May 24, 2018

María Luisa Mendiola is a young Costa Rican woman living in New York who’s all about creating change in everything…