Your Gate to Latin American IP

Grupo LALA re-allocates businesses in Nicaragua

By Guy José Bendaña-Guerrero & Asociados - 18/12/2020

Grupo LALA, a Mexican company focused on the healthy food industry, closed its Costa Rica operation on December 11, 2020, following a comprehensive evaluation of its geographic footprint and a careful analysis of performance and future strategic fit, aligned with the company’s strategy to focus on its core markets, increase profitability and improve the return on invested capital.

The closure will have a USD $3 million favorable impact on 2021 full year EBITDA for the company’s Central America operations.

Arquímedes Celis, LALA’s CEO commented: “After a detailed analysis and review of LALA’s Costa Rica operation, we determined that related resources and focus are better allocated towards stronger paths to profitability and shareholder value within the company, while we also remain focused on ensuring that all of LALA’s businesses achieve performance targets closely aligned with our goals and expectations. Moreover, the capital freed up with this closure will be re-allocated to our businesses in Nicaragua and Guatemala where there is more potential to achieve sustainable and profitable growth.”

LALA’s Costa Rica operation represents 0.4% of the company’s consolidated sales, with assets comprised primarily of one production plant, one distribution center and 12 distribution routes. Assets associated with the operation will be sold or reassigned within the region.

By Guy José Bendaña-Guerrero & Asociados - 18/12/2020
Subscribe to the Newsletter

Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.