Molson Coors Brewing Co. (NYSE: TAP) said Thursday that it is teaming with distributor Agencias Feduro (Costa Rica) to bring Coors Light to Costa Rica, according to Associated Press.
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Molson Coors, the biggest beer company based in North America, said the partnership is part of its international expansion efforts, as Costa Rica is the second largest beer market in Central America together with Panama.
Molson Coors said Coors Light will be available at Costa Rican supermarkets, convenience stores, bars and casual dining restaurants, with retailers carrying the bottles and cans starting this month.
The company also plans to introduce the beer in Trinidad & Tobago and Curacao Bonaire later this year. Coors Light is currently available in more than 25 countries, including Mexico, Panama, Ireland and China.
Costa Rica will bring to about 30 the number of countries, including Mexico and China, where Coors Light is sold.
Overall beer sales by volume in Latin America surpassed those of North America in 2007 and will grow 20 percent by 2013, according to researcher Euromonitor International. The Coors brand, with almost 7 percent of Latin America’s import beer market in 2007, according to Bloomberg.
Shares of Molson Coors Brewing fell 32 cents to $47.78 in morning trading.
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