Sysco Enters into Joint Partnership with Central American Food Distributor, Mayca Distribuidores
HOUSTON, TX and HEREDIA, COSTA RICA
Sysco is entering into the Central American market with its new partnership with Costa Rican food distributor Mayca Distribuidores. Sysco has acquired 50 percent of the company and three other affiliates for an undisclosed price. As per the agreement, Sysco will own one-half of the stock in privately held Mayca.
“We are excited to be partnering with the Mayca family of businesses, as they are well respected across Costa Rica for their focus on customer service and their success,” said Kent Humphries, Sysco’s Senior Vice President of International Foodservice Operations. “We believe that we can combine the strengths of Mayca and Sysco to better serve customers in the region, to grow the business, and to provide value to our shareholders.”
In addition to its distribution business, Mayca has a retail cash-and-carry affiliate with seven locations, a cold-storage company, and a truck-leasing company, according to a press release. All of Mayca’s employees, including the management team, will remain in place at the closing of the transactions.
“This is a great day for the employees and customers of Mayca, as we become joint partners with Sysco, which is considered the global industry leader in foodservice distribution,” said Mayca CEO and President Jose Maroto. “Most important, our customers will further benefit from the breadth of Sysco’s product assortment, capabilities, and years of professional expertise.”
The deal still awaits regulatory review by Costa Rica government authorities, but upon completion, this partnership will mark the fifth country outside the U.S. where Sysco will have a foodservice distribution company.
