$10 million Investment in Food Distribution

Mayca food service company plans to invest $10 million over the next 2 years in the construction of seven new points of sale in Costa Rica.

Friday, February 23, 2018

Following last week's opening of branch number 13 in San Ramón, representatives of the company announced that they will be investing in the construction and operation of seven other stores in 2018 and 2019, which will bring the total number of points of sale to 20. Mayca is owned by Sysco Corporation, which completed the acquisition process in November of last year.

See "Burgeoning Food Industry Business"

Regarding the places where the new points of sale will operate, Sharon León, marketing manager at Mayca, told Nacion.com that the company " ... will benefit communities that are outside of the Central Valley, without neglecting the Greater Metropolitan Area. (GAM)".

See also: "Food: Business Between Central America and Mexico"

In relation to future growth plans beyond the year 2019, the manager of Mayca explained that " ... the market has even more potential and our value proposition to the client is key to accompanying their businesses, for which reason the development of Self-Service branches will continue even in 2020'."

More on this topic

Costa Rica: Food Service Company Bought

November 2017

The global food service firm Sysco Corporation has announced the purchase of the remaining 50% of Mayca Distributors, in a transaction whose amount was not disclosed.

This announcement represents the completion of the acquisition process, which began in 2014, when Sysco bought 50% of the wholesale supermarket chain.

Costa Rica: More Investment in Food Service

February 2015

The chain of wholesale supermarkets Mayca has started operations in a new facility in the capital and is preparing for the opening of another one in Ciudad Quesada, outside the Greater Metropolitan Area.

The newly opened self-service store measures 432 square meters and is situated opposite the National Children's Hospital in San Jose.

Costa Rica: Food Service Company Sells 50% of its Shares

May 2014

Half of the capital of the wholesale supermarket chain Mayca will pass into the hands of the U.S. company Sysco Corporation.

From a press release issued by Sysco Corporation:

Sysco enters into partnership with Costa Rica Mayca Distribuidores

HOUSTON and HEREDIA, Costa Rica, May 13, 2014 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), North America's leading foodservice distributor, today announced that it has reached an agreement to purchase 50 percent of Mayca Distribuidores S.A ("Mayca") of Costa Rica and Mayca's three other affiliates for an undisclosed price. According to the terms of the agreement, Sysco will own one-half of the stock in privately held Mayca.

Costa Rica: Growth of the Wholesale Supermarket Business

March 2014

An average of 20% annual increase in sales has been reported by companies specializing in the distribution of food and beverages in bulk.

The market of wholesale supermarkets in Costa Rica continues to grow, mainly driven by the opening in recent years of convenience stores, bakeries, 'sodas' (small low end restaurants), restaurants and hotels. Some establishments have reported an average annual growth of 20% in sales.

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