Heineken completes acquisition of FIFCO Beverage and retail businesses 

COSTA RICA – Heineken N.V. has completed the acquisition of FIFCO’s beverage and retail businesses after securing all required regulatory and corporate approvals, marking a major step in strengthening its presence in Central America. 

In a company statement, Heineken confirmed that the integration process is now underway and is expected to be completed in 2026. As part of the transition, FIFCO’s current chief executive officer, Rolando Carvajal, will join Heineken and continue to lead the operations, ensuring continuity while supporting future growth. 

The transaction was first announced on September 22, 2025, and brings a broad portfolio of beverage and retail assets under Heineken’s control. 

Heineken CEO and chairman of the executive board Dolf van den Brink said: “Today marks an exciting milestone as we officially welcome FIFCO’s talented team and iconic brands into the HEINEKEN family, strengthening our leading position in the attractive and growing Central American region. We know the FIFCO business and culture intimately through our long-standing partnership which will support a fast and smooth integration.” 

Heineken said the acquisition aligns with its EverGreen 2030 strategy, which focuses on premiumisation, innovation, and superior growth across attractive markets. The group expects to unlock both revenue and cost synergies through improved commercial execution, logistics, and brewery operations. 

Further value is expected from the addition of FIFCO’s diverse portfolio of beverage brands, including Costa Rica’s iconic Imperial beer, alongside a substantial soft drinks business and more than 300 Musmanni-branded retail outlets.  

Heineken said the deal will also strengthen its route-to-consumer capabilities through FIFCO’s established retail and distribution network. 

By consolidating market leadership in Costa Rica, Heineken aims to benefit from FIFCO’s strong positions in both beer and non-alcoholic beverage categories. The company expects significant synergies from the transaction, including projected run-rate cost savings of approximately US$50 million. 

Following the acquisition, Heineken now holds 100% ownership of Distribuidora La Florida and its beyond-beer business in Mexico, as well as a 49.85% stake in Compañía Cervecera de Nicaragua. 

FIFCO operates five production plants and 13 distribution centres across Central America, the Dominican Republic, Mexico, and the United States, exporting beverages to more than 10 countries. 

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