Heineken N.V. is set to acquire Florida Ice and Farm Company S.A. (FIFCO) for $3.2 billion to strengthen its beverage and retail presence in Central America.

Information on the Target

Florida Ice and Farm Company S.A. (FIFCO) is a publicly traded Costa Rican enterprise, recognized for its diverse operations in the food and beverage sectors, alongside retail activities. Established in 1908 and headquartered in Heredia, Costa Rica, FIFCO has expanded its footprint across Central America, the Dominican Republic, Mexico, and the United States. Recently, it has emerged as a significant player with a robust portfolio that enhances its prominence in the regional market.

FIFCO's operations encompass renowned brands, including the popular Imperial beer. With approximately 6,883 employees and a market capitalization of $1.60 billion, FIFCO reported $1.58 billion in revenue and an EBITDA of $316.56 million. As part of its growth strategy, FIFCO maintains a commitment to sustainable practices, ensuring long-term viability and market relevance.

Industry Overview in Costa Rica

The food and beverage industry in Costa Rica has demonstrated resilience and growth potential, characterized by a shifting consumer landscape towards premium and diverse