Multinational Cargill Buys Pipasa

The U.S. company and owner in Costa Rica of Cinta Azul has completed the purchase of Corporación Pipasa.

Thursday, June 2, 2011

Bruce Burdett, president of Cargill Meats Central America, said in consultation with the newspaper La Nación, "We had plans to expand in the region and Pipasa has been one of our most saught after targets."

"The purchase of Pipasa has been rumored since 2008, when the weekly El Financiero became aware of attempts by Cargill to incorporate the national poultry products company into their portfolio."

More on this topic

Pipasa negotiating to buy Nicaraguan company for $24 million

June 2008

The Costa Rican company Pipasa, owned by Rica Foods, has signed a non-binding letter of intent to buy Industrias Avícolas Integradas S.A. (Indavinsa) of Nicaragua.

Indavinsa is a producer of poultry products and poultry feed concentrates. It has 17 farms and nine distribution centers.

El Salvador: Concentration Levels Under Review

April 2011

The country's competition regulator is evaluating four requests for local companies to be purchased in the communication, pensions and trade sectors.

The four requests received by El Salvador's competition regulator (SC in Spanish) are:

- América Móvil purchase of Digicel

Excel adds Renault Costa Rica to auto portfolio

April 2008

Excel Automotriz, Central America's leading automobile distributor, has acquired Renault Costa Rica to add to its portfolio of 15 brands in the region.

The deal follows nearly a year of talks between El Salvador-based Excel and Renault Costa Rica's previous owners, Grupo Financiera Automotriz S.A. (FASA).

Grupo Calleja Pulls Out of Almacenes Europa Purchase

February 2012

The application for authorization for economic concentration by Grupo Calleja with the Superintendency of Competition in El Salvador has been withdrawn after negotiations were broken off.

A press release from the Superintendency of Competition in El Salvador states:

Lawyers representing Grupo Calleja who filed a request for authorization for economic concentration resulting from Calleja’s purchase of Europa S.A.

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