USA: Heineken to acquire FIFCO’s beverage and retail businesses

Multinational Dutch brewer Heineken has announced that it has entered into binding agreements with its long-term partner Florida Ice and Farm Company (FIFCO) to acquire the remaining 75% of Distribuidora La Florida, as well as FIFCO stakes in certain other businesses, for $3.2 billion.

Heineken’s stake in Distribuidora La Florida, encompasses its beverages, food, and retail operations, including more than 300 Musmanni and Musi outlets in Costa Rica, with further activities in El Salvador, Guatemala and Honduras. In addition, Heineken will take full ownership of Heineken Panama and reinforce its partnership in Nicaragua’s leading beverage company, Compania Cervecera de Nicaragua.

Commenting on the move, Heineken chairman of the executive board and chief executive officer Dolf van den Brink said: “By integrating FIFCO’s iconic brands, deep market expertise, and exemplary sustainability credentials, we are accelerating our EverGreen strategy and entering new profit pools across Central America. This partnership is grounded in decades of shared values and trust, providing a robust foundation for long-term value creation”.

FIFCO chairman of the board Wilhelm Steinvorth added: “This agreement honours FIFCO’s legacy and brings complementary strengths that expand the organisation’s capabilities, operational reach, and future potential. FIFCO and HEINEKEN have shared a successful long-term partnership, built on strategic alignment, shared values, and a deep commitment to sustainability. Today, we are proud to take this step forward with an admired company that respects our cultural identity and offers a global platform for our iconic brands – like Imperial – to thrive and evolve”.

Source: Heineken