Nestle Shops in Guatemala

Swiss food giant Nestle has agreed to acquire a majority stake in Guatemalan food company Malher. A spokesman for the companies declines to reveal the transaction value and the size of the stake being acquired. “The 2 companies competed in the same market and will now join forces,” he explains. The spokesman adds that Nestle will be able to benefit from Malher’s extensive distribution chain, which reaches other Central American markets, the Caribbean and North America. Malher, best known for its Malher, Yus and Toki powder-based drinks, was established over 50 years ago and employs about 1,300. The spokesman says there were no financial advisors involved. Nestle has had a presence in CentAm for the past 70 years.