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

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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