Home / Knowledge / News / WALMEX to acquire Walmart Centroamerica
WALMEX to acquire Walmart Centroamerica
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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh Patel
Sidwin Fabric

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

Urs Stalder
Sanitized AG

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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