Home / Knowledge / News / Textiles / 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

Pic: Kanpisut Chaichalor | Dreamstime.com

Textiles | On 7th Dec 2021

China’s central bank cuts reserve requirement ratio to support economy

To support development of the economy, the People’s Bank of China...

Pic:  Iurii Krasilnikov | Dreamstime.com

Apparel/Garments | On 7th Dec 2021

Legislation to extend HOPE & HELP Acts until 2035 introduced in US

Companion bills to extend the Haitian Hemisphere Opportunity through...

Pic: Roman Romaniuk | Dreamstime.com

Textiles | On 7th Dec 2021

Euro area, EU see expansion in volume of retail trade in October

In October 2021, the seasonally adjusted volume of retail trade...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

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


Leave your Comments

December 2021

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

Advanced Search