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Mexican dairy company Grupo Lala has announced that it will close operations in Costa Rica to focus on its key markets, increase profitability, and improve return on invested capital.
The closure, which will be effective on 11 December, includes one production facility, one distribution centre, and 12 distribution routes.
Arquimedes Celis, Lala CEO said: “After a detailed analysis and review of Lala’s Costa Rica operation, we determined that related resources and focus are better allocated towards stronger paths to profitability and shareholder value within the company, while we also remain focused on ensuring that all of Lala’s businesses achieve performance targets closely aligned with our goals and expectations.”
As a result of the closure, Lala is expected to have a favourable impact of $3 million on 2021 full-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Lala’s Central American business.
Source: FoodBev Media
