The Costa Rican company Florida Ice and Farm Company (FIFCO) confirmed this Monday a definitive agreement to sell its beverage, food, and retail division to the Dutch brewer Heineken International. The transaction, one of the largest in the region’s corporate history, is valued at $3.25 billion.

The agreement includes the transfer of the entire portfolio of FIFCO’s iconic brands, among which are the beers Imperial, Pilsen, and Tropical. Additionally, Heineken will acquire control of Cervecería Costa Rica, the Musmanni bakery chains, and the MUSI convenience stores, as well as all related operations in Central America and Mexico.

According to the official statement, FIFCO will retain ownership of its other businesses, focusing in the future on its hospitality and real estate sectors. The board of directors of the Costa Rican company unanimously approved the sale, arguing that the decision maximizes value for its shareholders and ensures the expansion and legacy of its brands under the control of a global leader.

For Heineken, which already held a minority stake in FIFCO, the acquisition represents a strategic move to consolidate its leadership in the Latin American market.

Rolando Carvajal, CEO of FIFCO, assured that the production of the flagship beers will continue in Costa Rica using their original recipes. He also indicated that the division’s human talent was a key asset in the negotiation and that no immediate changes to the workforce are anticipated.

The final closing of the transaction is subject to the approval of FIFCO’s Shareholders’ Assembly and the corresponding regulatory authorities. The process is expected to be completed during the first half of 2026..