The Costa Rican company increased its sales by 2% compared to 2014, thanks to the dynamism of flavored alcoholic beverages in the US, foods in Guatemala, and beers, wines and spirits in Costa Rica.
Flavored alcoholic beverages, especially in America, and increased profitability in beer, wine and distilled drinks in Costa Rica and food in Guatemala, boosted Costa Rica Florida Ice & Farm's operating income in 2015, reaching $179 million, 13% more than in the previous fiscal year.
Legal jargon on public corporations is preventing twelve companies from choosing the energy supplier that offers the best prices.
Bridgestone, Grupo Mit, Irex, Amanco and Cervecería Costa Rica and seven more companies saw their request to change electricity supplier hampered when the Regulatory Authority for Public Services (ARESEP) granted the municipality the authority to resolve the matter, which then rejected the request by the companies.
Cerveceria Costa Rica, a subsidiary of Florida Ice and Farm, has agreed to buy, at a cost of $388 million, North American Breweries Holdings, the largest independent brewer in the U.S.
A statement from Florida Ice and Farm reads:
The Costa Rican company Florida Ice and Farm Co., SA ("FIFCO") announced today that its subsidiary Cerveceria Costa Rica, SA ("CCR") has signed an agreement to purchase North American Breweries Holdings, LLC and its subsidiaries ("NAB"), the largest independent brewer in the United States, owned by KPS Capital Partners, LP for $388 million. The closing of the transaction is subject to requirements laid out in a competition defense notification by Hart-Scott-Rodinoy to be reviewed by the U.S. Department of Justice and the Federal Trade Commission.
Brewer "Cervecería Costa Rica" will launch a low alcohol beer under the Bremen brand.
The Bremen brand had been previously marketed in Costa Rica by company "Cervecería Americana".
"To create Bremen beer, special malts are mixed when processing", reports Elfinancierocr.com, "[parent company] Florida [Ice & Farm] intends to attract an occasional drinker audience and women looking for low energy beverages (95.5 calories) and a pleasant flavor".
Since entering the Chinese market in January, the Costa Rican brewer has expanded its reach to six provinces.
To date they have exported 50 containers, each one with 1.512 boxes of 24 bottles, reported Gisela Sánchez, company executive.
"The company [Florida Ice & Farm] entered China by signing an alliance with brewer Tsingtao and also with distribution company Powsun, one of the top dealers of that brand in the Asian country", reported Nacion.com.