Distribuidora Lucema Acquires Salsas Alfaro for $4 million

Mario Cercone, president of Distribuidora Lucema, confirmed the acquisition of Salsas Alfaro, a deal completed last week for $4 million.

Tuesday, March 6, 2012

For the distributor, this step is an opportunity to expand its portfolio of foods which already includes Lucema pastas and Richly canned goods (vegetables and mushrooms). He added that it is possible that Salsas Alfaro may now make inroads into the niche of prepared sauces (especially tomato or tomato with meat), according to an article on Nacion.com.

Salsas Alfaro was established in 1963 and its portfolio of products includes tomato sauce (with a strong presence in restaurants and hotels, according to Cercone), condiments, spices, jams, jellies, pickles and mustard, among others.

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