Home / Knowledge / News / WALMEX to acquire Walmart Centroamerica
WALMEX to acquire Walmart Centroamerica
17
Dec '09
Wal-Mart de México, S.A.B. de C.V. announces to its shareholders, as well as to the public in general, that the company signed a final agreement to acquire Walmart Centroamerica, of which Wal-Mart Stores, Inc. is the majority shareholder with a 51% position, and the remaining 49% is held by minority shareholders in the region.

Walmart Centroamerica is the leading retailer in the region, operating supermarkets, discount stores, and hypermarkets in Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica. The company has consolidated a solid multi-format portfolio of brands, all of them very well positioned in the different socioeconomic segments that they serve.

The company has 519 stores, 11 distribution centers and one agro-industrial operation that supplies products to the stores in the region. Sales for the last 12 months to September 2009 amounted to the equivalent of US$3.3 billion dollars. The fiscal year for Walmart Centroamerica and Walmart de Mexico ends on December 31.

“I am very pleased to close this year with a historical transaction. The acquisition of Walmart Centroamerica converts Walmart de Mexico into an international company with 1,929 units in six countries generating more than US$25 billion dollars in sales. It also gives Walmex shareholders access to additional growth opportunities in 5 countries, that adds to the existing opportunities in our country,” said Eduardo Solorzano, President and CEO of Walmart de Mexico.

“Walmart Centroamerica is a profitable company, and has a proven management team that has taken it to high profitability and efficiency levels. Additionally, it serves a market that is very similar to the Mexican market. In the course of several years, Walmart de Mexico and Walmart Centroamerica have shared the implementation of best practices, and have identified synergies that now, with this transaction, offer several opportunities for the integration of both businesses. The support of Wal-Mart Stores, Inc. to this deal is a sign of confidence in the leadership of our company, and in the value creation that this will represent for consumers in Mexico and Central America as well as Walmart de Mexico shareholders,” Eduardo Solorzano said.

“Additionally, I am pleased that Walmart de Mexico's expansion plans will retain with the same dynamism that has always characterized us, as our country continues to offer a great number of opportunities, and many families will benefit from our stores. We will continue investing with the same long term vision that has distinguished our company as a leading retailer in Mexico and that has led us to invest $45.5 billion pesos in the last five years. I am certain that the acquisition of Walmart Centroamerica will ignite a new growth stage for the company in the region, and will allow us to expand to other nations our vision for improving the quality of life for the families of our customers,” said Eduardo Solorzano.

Terms of the transaction:


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search