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.