Industry News

Sysco Enters Into Partnership with Costa Rican Distributor

Sysco Corp., Houston, Texas, reached an agreement to purchase 50% of Mayca Distribuidores S.A of Costa Rica along with its 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.

Mayca, which has been in business since 1995, is a leading food distributor across Costa Rica. In addition to its distribution business, Mayca has a retail cash-and-carry affiliate with seven locations, a cold storage company and a truck leasing company. At year-end 2013, Mayca had 405 employees, all of whom, including the management team, will remain in place at the closing of the transaction.

"This is a great day for the employees and customers of Mayca, as we become joint partners with Sysco, which is considered the global industry leader in foodservice distribution," says Jose Maroto, president and CEO of Mayca. "Most important, our customers will further benefit from the breadth of Sysco's product assortment, capabilities and years of professional expertise."

"We are excited to be partnering with the Mayca family of businesses, as they are well respected across Costa Rica for their focus on customer service and their success," says Kent Humphries, Sysco's senior vice president of international foodservice operations. "With this being our first strategic investment in Central America, we also will be looking to the Mayca leadership team to help Sysco better understand the marketplace. We believe that we can combine the strengths of Mayca and Sysco to better serve customers in the region, to grow the business and to provide value to our shareholders."

Did you enjoy this article? Click here to subscribe to Refrigerated & Frozen Foods magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Evolution Fresh: Enhancing the Premium Juice Market with HPP Technology

Evolution Fresh’s new Rancho Cucamonga, Calif., juicery employs HPP technology to help produce cold-pressed juices.

Posted: December 11, 2014

Refrigerated and Frozen Foods Magazine

CoverImage

2015 March

Refrigerated & Frozen Foods' March 2015 issue features the Top 150 Frozen Foods Processors report.

Table Of Contents Subscribe

COLD FOOD PROCESSING IN 2015

What are some key factors that play into the success of the cold food industry in 2015?
View Results Poll Archive

The Refrigerated and Frozen Food Store

ColdPackagingMaterialsGuide_products
Cold Packaging Materials Guide

A guide to cold packaging containers and materials.

More Products

Refrigerated & Frozen Foods Delivers

RFF Infographic 133x133Click here to see a snapshot of the many different ways Refrigerated & Frozen Foods delivers business and technology solutions to cold chain professionals.

STAY CONNECTED

facebook_2014 twitter_40px youtube_40pxlinkedin_40px

Buyer's Guide

Visit our Buyer's Guide!

Refrigerated & Frozen Foods offers a Cold Packaging Materials Guide, as well as a Cold Storage Warehouse Guide, the most comprehensive listing of cold storage warehouses.

Visit the Buyer's Guide page today!