Pipasa negotiating to buy Nicaraguan company for $24 million

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.

Friday, June 27, 2008

Indavinsa is a producer of poultry products and poultry feed concentrates. It has 17 farms and nine distribution centers.
The two companies already have trade relations, since Pipasa has been the main provider of day-old chicks to Indavinsa.
The negotiations are being carried out through the company Sama Valores, which controls 96 percent of Indavinsa's share capital.

More on this topic

Multinational Cargill Buys Pipasa

June 2011

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

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."

Nicaragua: Cargill Negotiates Purchase of Pipasa

April 2011

The request submitted by Cargill for "authorization of a merger through the acquisition of Pipasa" has been approved.

Luis Humberto Guzmán, president of Nicaragua's National Institute for the Promotion of Competition (Procompetencia in Spanish), confirmed the decision in an email to the Costa Rican newspaper, La Nación.

Investment in Poultry Sector in Costa Rica

July 2014

Increased competition and rising production costs are causing firms in the sector to revive their production processes with new plants, equipment and electrical systems.

The three companies which dominate 92% of the market for chicken meat and its derivatives are making significant investments to modernize their production processes in an increasingly competitive world where consumption has maintained a steady upward trend.

Arrival of Cargill Reactivates Costa Rican market

June 2011

The entry of the U.S. firm has brought new investment by competitors.

Since announcing the purchase of Pipasa by Cargill, the Costa Rican poultry market has not stopped moving.

Investment in new plants and rethinking strategies, among others, are some of the actions that companies are beginning to take to cope with expected changes in the market.

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