Mexican dairy company Grupo Lala says ending Costa Rica operations

Dairy products of Mexican Grupo LALA are pictured at a store in Ciudad Juarez

MEXICO CITY (Reuters) – Mexican dairy company Grupo Lala will end operations in Costa Rica as it aims to refocus on key markets, the firm said in a statement on Tuesday.

The closure effective on December 11 will accrue a $3 million benefit in earnings before interest, taxes, depreciation and amortization (EBITDA) for Lala’s Central American business, the statement added.

(Reporting by Raul Cortes Fernandez; Editing by David Alire Garcia)