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.
You may be interested
Give green in Costa Rica: holiday gifts that will live on all yearEd Bernhardt - December 16, 2017
A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…
Honduran opposition protesters take to the streetsNoe Leiva / AFP - December 15, 2017
Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…
Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, CanadaGustavo Díaz Cruz - December 14, 2017
My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…