Both companies have been in a partnership since 1999, through which Coopecoronado became associated Dos Pinos.
From May 1st, almost all of Coopecoronado’s 300 employees joined Dos Pinos, explained Luis Esteban Brenes, commercial director of the latter company.
With the merger, the company "expects to mitigate competition from dairy products entering the country duty free from the United States and Central America, and thereby strengthening the more than 100 Coronado branded products, including, among other things, milk , juices, puddings and other presentations," reported elfinancierocr.com.
Dos Pinos now has 4.000 collaborators and controls over 80% of the dairy market in Costa Rica, with sales of $650 million per year.
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Sigma Foods has bought the Costa Rican firm Productores de Monteverde, consolidating the second place in the country's dairy market.
The Mexican company gave no details as to the value of the purchase or the characteristics of the acquisition that took place on Monday, April 1, during a meeting of partners.
Coopeleche has signed an agreement with Florida Bebidas who will manage its plant in Alajuela, Costa Rica, and distribute its entire product line.
The company Florida Bebidas has signed a strategic partnership with la Cooperativa Agropecuaria Regional de Productores de Leche (Coopeleche RL) located in San Ramon de Alajuela.
The Costa Rican cooperative Dos Pinos plans to reduce the deficit of 110 million liters of milk registered in the country where 300 million liters is consumed a year.
The Costa Rican firm plans to invest $5 million per year for the next five years as part of its market expansion strategy to position itself in the Panamanian dairy industry.
Farmers expect the arrival of Dos Pinos to bring benefits and be an option for improving local production.
According to Fredy Ramirez, manager of Dos Pinos in Panama, the first thing they will do is help producers increase their production, believing that the country has great potential.