Costa Rica: Chilean Firm Acquires 50% of Cefa

The alliance between the two companies will allow the financing Cefa’s expansion to Central America and the Caribbean. Among the plans is the recovery of the Honduran and Salvadoran market and consolidation of operations in Nicaragua

"Arnaldo Garnier, chairman of the board of Cefa, affirmed that the agreement will also allow the Costa rican company, which is 56 years old and with annual sales exceeding $250 million, to manufacture a private Socofar brand for a line of personal care products and strengthen its drug segment (institutional market), in which Chile is a leader in its country, where it has operated for 40 years and has annual sales of around $1,000 million", notes Elfinancierocr.com

Source: elfinancierocr.com

More on this topic

Fischel and Sucre Pharmacies Sign Business Alliance

March 2009

The accord allows them to have 140 outlets in total, exchange financial and marketing information and share inventories.

The Fischel brand and its network of pharmacies are owned by CEFA Corporation.

Arnaldo José Garnier, president of CEFA Corporation and Fischel and pharmacies informed Nacion.com: "The main objective of this union is to generate more sales, reduce costs, improve profitability and accelerate the opening of new outlets."

Pharmacy Market in Costa Rica Revives

May 2011

Before the arrival of new competitors, pharmaceutical companies are reviewing their strategies for the year.

New premises, training of members and improving operating processes are some of the tactics that will be implemented in the pharmaceutical industry around the country.

Distributor DIPO Expands in Costa Rica

March 2010

Through a new division, DIPO Pharmaceutics (Dipo Farmacéutica), the distribution company will serve the pharmaceutics industry.

DIPO has warehouses in Guanacaste, San Carlos, Pérez Zeledón, Pococí and San José. It currently serves 11.000 businesses and plans to serve 1.000 more with the new division.

Costa Rica: Competition Intensifies in Pharmaceutical Sector

September 2010

Walmart and CEFA trigger increased competition among drugstore chains by seeking to gain market share.

Corporación CEFA, owner of Fischel, Catedral and Farmatica, has announced that it is to open more stores in the rest of the year with one for Escazu in November and another for Limón in December.