The Nestlé-owned Superior Cheese brand. Credit: Superior

European food giant Nestlé is to close a dairy plant in Nicaragua due to “current global dynamics for efficient and productive operations”.

The Matagalpa plant in the north of the country produces the dairy products of Prolacsa, the Nestlé-owned local business.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Juan Gabriel Reyes, CEO of Nestlé Central America, told Just Food that the company is going to “gradually move” Prolacsa’s manufacturing to “other factories in Latin America”.

The local company’s portfolio includes cheese and cream brand Superior and dairy-based dessert label La Condesa.

Reyes told Just Food that it will maintain “commercial management” and sales of its products in the country “as well as the purchase of green coffee for [Nestlé’s] operations around the world”.

See Also:

The chief executive said the Switzerland-headquartered consumer giant – behind brands such as KitKat chocolate and Maggi sauces – will continue to “purchase 13% of the country’s coffee”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The CEO said that the move was a “strategic decision at regional level” which aims to enable the business to “continue to offer our consumers affordable products of the highest quality”.

“This decision is exclusively due to the current global dynamics for efficient and productive operations and responds to the needs of our consumers,” he said.

Last September, Nestlé had struck a deal to buy a majority stake in Brazil-based chocolate business Grupo CRM.

Nestlé, which is buying the shares from private-equity firm Advent International, said the transaction would see it entering Brazil’s high-end chocolate market.