Archive for June 9th, 2008
Monday, June 9th, 2008
Fresh Del Monte Produce Inc., which makes fresh-cut fruit and vegetables, said Monday it bought two Costa Rica fruit companies and an affiliated sales and marketing business for a total of $403 million.
The company said the businesses, which include banana producer Desarollo Agroindustrial de Frutales S.A. and gold pineapple provider Frutas de Exportacion S.A., are collectively known as “Caribana.”
The company said it expects the deal to add to its earnings in the first year.
Fresh Del Monte Produce said the acquisition will “substantially increase” its Del Monte-branded banana and Del Monte Gold Extra Sweet pineapple production from Central America.
The company added that Caribana’s production and packing facilities are near its existing Costa Rica operations, which could create a “significant opportunity for operating synergies.”
Fresh Del Monte Produce also said the deal increased its land holdings in Costa Rica by about 13,000 hectares of farm land.
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Monday, June 9th, 2008
Canada Day Background
On June 20, 1868, a proclamation signed by the Governor General, Lord Monck, called upon all Her Majesty’s loving subjects throughout Canada to join in the celebration of the anniversary of the formation of the union of the British North America provinces in a federation under the name of Canada on July 1st.
The July 1 holiday was established by statute in 1879, under the name “Dominion Day”.
On October 27, 1982, July 1st which was known as “Dominion Day” became “Canada Day”.
Costa Rica’s Canadian community will be celebrating with a day of games, swimming, mini-golf, tennis, a tug-of-war and a bouncy castle to entertain families.
The event takes place Saturday June 29 at the Club Campestre Español in La Ribera de Belén, Heredia, and will be opened by Canadian Ambassador Neil Reeder at noon. Barbeque food and a red and white maple leaf cake will feed the guests, and the day will end with dancing and raffles.
Advanced tickets for the party can be bought through the Canadian Club by calling 2288-6762 or e-mailing mermatt@amnet.co.cr.
Prices are 8,000 colons ($16) for adults or 5,000 colons ($10) for children.
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Monday, June 9th, 2008
Transit officials closed Costa Rica’s Caribbean-bound Braulio Carrillo Highway because of landslides, the online daily Nacion.com reported yesterday evening.
The highway, which runs from San José through mountains to Caribbean flatlands, has experienced landslides at two points: near the bridge over River Sucio and by a railway 5 kilometers away, going toward the port city of Limón.
To avoid the blockage, motorists are recommended to use alternate routes to Turrialba or Sarapiquí.
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