Grupo Diveco Invests $3 Million in Costa Rica

Grupo Diveco announced the acquisition of two assets: the brand "Luxor", and its associated mattresses factory.

Friday, October 23, 2009

By merging LUXOR into Grupo DIVECO, the company is consolidating its operations in the region. It has production centers in Guatemala, Honduras, Nicaragua and now Costa Rica, and it controls a distribution network of over 2.000 points of sale in all the countries of Central America.

In the upcoming months, Grupo Diveco will invest some $3 million in the country, geared towards updating technology and transforming the factory, as well as training programs and advertising investment to promote the Luxor brand.

More on this topic

Mattresses Factory Enters Costa Rica

October 2009

Grupo Diveco entered the local market by acquiring a local company.

The name of the Costa Rican company is still not known, and will be announced on October 22.

"However, El Financiero found that Diveco would have purchased a share of 'Colchones Luxor' a national company founded over 90 years ago. In 2005, Luxor expanded its activities to pillow and eiderdown production", reported newspaper El Financiero.

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