Mexico’s Grupo Lala Buys Eskimo in Nicaragua

TODAY NICARAGUA – The Mexican group has announced an agreement to acquire all the assets of Eskimo and its subsidiaries in Nicaragua and the rest of Central America, without disclosing the amount of the transaction.

eskimo-nicaEskimo SA is a food company in Nicaragua which has been operating for more than 72 years. Its main products include ice cream, milk and yoghurt. In Nicaragua, Eskimo is a leader in the dairy industry and its brand is synonymous with ice cream. The company currently operates a distribution network with over 15,000 outlets, with operations in Honduras, El Salvador and Costa Rica. In 2013 Eskimo reported revenues of $54.5 million.

From the relevant fact published by the Mexican Stock Exchange (BMV)

- payin the bills -

Grupo LALA, SAB de CV, a Mexican company which is a market leader in the health food industry (“LALA Group” or “LALA”) (BMV: LALAB) , announces that it has entered into an agreement to acquire the assets of Eskimo, SA and its affiliates in several Central American countries. With this acquisition Grupo LALA intends to expand its business and operations in Central America.

Eskimo, SA is a Nicaraguan food company which has operated for over 72 years. Its main product categories are ice cream, milk, yoghurt and drinks. In its main market, Nicaragua, is a leader in the dairy industry and its Eskimo brand is synonymous with ice cream. It has a distribution network that serves more than 15,000 outlets within modern and traditional channels of distribution, and includes operations in Honduras, El Salvador and Costa Rica. At the end of 2013, Eskimo, SA had annual revenues of US$54.5 million.

Source: Centralamericandata.com

- paying the bills -

Related Articles

Nicaragua still the country with the greatest mobility in Central America in times of pandemic

TODAY NICARAGUA - Eight months after the first case of Covid-19...

Nicaragua restores 95% electricity service

TODAY NICARAGUA - After the damages caused by Hurricane Iota a...

MOST READ

Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.