Sector News

Grupo LaLa building presence in Costa Rica

July 11, 2016
Food & Drink

Grupo LaLa S.A.B. de C.V., a producer and marketer of dairy products in Mexico and Latin America, has signed a strategic agreement with the Costa Rican company Florida Bebidas, S.A. for the production, distribution and sale of LaLa products in Costa Rica.

LaLa said the agreement will provide it with access to a platform to strengthen its regional presence. Additional synergies will include distribution capacity, through Florida’s logistics network to serve points of sale in the Costa Rican traditional trade channel; raw milk supply assurance, with the support of the Regional Farming Cooperative of Dairy Farmers (Coopeleche R.L.), which will enable LaLa to manufacture its products under high-quality standards; and production capacity, through the acquisition of a dairy production facility, located at San Ramón Alajuela, Costa Rica.

Founded in 1908, Florida Bebidas produces and markets food and beverages in Costa Rica, Central America and the United States. The company has real estate operations in Costa Rica and several investments in Central America, and it has a solid beverage portfolio.

Founded in 1976, Coopeleche R.L. is a regional farming cooperative with social purposes. Its associates are found at dairy areas such as San Ramón (where its headquarters is located), Zarcero, San Carlos, Guatuso, Miramar, Esparza, Guayabo de Bagaces and Tilarán, Costa Rica.

In late May, Grupo LaLa entered into an agreement to acquire certain U.S. branded business assets from Laguna Dairy, S. de R.L. de C.V. for $246 million in an all-cash transaction. The acquisition includes three production plants and five brands, and it is in line with Grupo LaLa’s strategy of expanding in value-added branded categories in high-growth markets in the Americas.

By Eric Schroeder

Source: Food Business News

comments closed

Related News

May 15, 2022

Blurred lines: Vitafoods Europe 2022 review

Food & Drink

Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.

May 15, 2022

Crunch time: Mondelēz to dump chewing gum to take bigger bite of chocolate and biscuits markets

Food & Drink

Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.

May 15, 2022

Givaudan strengthens natural preservation portfolio with nitrite alternative for processed meat

Food & Drink

Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.