Agricorp

What Agricorp does

Agricorp (legal name Coorporación Agrícola S.A.) is a Nicaraguan publicly-listed agroindustrial company founded in May 2000 and headquartered in Managua. The company operates three divisions — Industrial, Commercial, and Logistics — producing its own rice, rice oil and fortified sea salt brands (Arroz Doña María, Arroz Faisán, Aceite de Arroz, Sal Atlántida) at 8 industrial plants including 5 rice processing centers certified in Good Manufacturing Practices since 2009, and distributing a portfolio of 20 product categories with 500-700 SKUs that includes third-party brands such as Maseca (Gruma), Kimberly Clark, Arcor, Jugos Jumex, Molinos Modernos (Can Can, Pastas INA, Gama), and Alen household care products. The Industrial Division uses Bühler and Satake processing equipment and Silo Bolsa hermetic storage technology, while the Logistics Division operates three CEDIS distribution centers (Managua, Occidente, San Isidro) and an Infor WMS implemented by Cerca Technology that delivered a 107% gain in picking operations and 99.9% inventory accuracy on existing resources.

Agricorp monetizes through two complementary streams: (1) manufacturing and sale of its own branded rice, rice oil and salt products, and (2) distribution of third-party mass-consumption brands across Nicaragua under exclusive or channel-partner arrangements. Go-to-market is sales-led via category managers, coordinators, supervisors and field vendors who service Detallistas, Mayoristas, Supermercados, Panaderías, Pastelerías and Mercadeo channels on weekly, biweekly or monthly supply cycles, reaching roughly 15,000-20,000 sales points nationwide. The company also operates a Baking Center as a service platform providing technical innovation support to bakery customers, and runs the P.A.P.A. program that has benefited 17,000 national rice producers with technical assistance, financing and quality incentives to stabilize upstream supply. Agricorp has been listed on the Bolsa de Valores de Nicaragua since 2013 as the first non-financial issuer, has issued recurring public bond series through 2025, and pays dividends for over 11 years; consolidated as the leader in production and distribution of basic and mass-consumption foods in Nicaragua, with 501-1000 employees and a single-country (Nicaragua) operating footprint plus a Costa Rican subsidiary (CACSA) acquired in 2007.

Name

Agricorp

Legal name

Coorporación Agricola S.A.

Website

https://agricorp.com.ni

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Agricorp is a Nicaraguan agroindustrial company that produces fortified rice, rice oil and salt under owned brands (Arroz Doña María, Arroz Faisán, Sal Atlántida) and distributes 20 categories of mass-consumption third-party brands (Maseca, Kimberly Clark, Arcor, Jumex) through 15,000-20,000 sales points nationwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Managua

HQ country

Nicaragua

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Rice Production and Manufacturing: Agricorp transforms raw rice (granza) from agricultural producers into finished products for human consumption through its Industrial Division with 3 rice processing centers certified in Good Manufacturing Practices since 2009.
2. Distribution and Commercialization: Commercialization of rice and wide range of basic food products and mass consumption products for families through 15,000+ sales points including retailers, wholesalers, supermarkets, bakeries and convenience stores.
3. Brand Distribution Partnerships: Distribution of third-party brands including Arroz El Faisán, Harina Gemina, Harina de maíz Maseca, Kimberly Clark products, Sal Atlántida, Arcor confections, and Jugos Jumex through its logistics network.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Agricorp produces and distributes its own manufactured rice brands (Arroz Doña María, Arroz Faisán), rice oil (Aceite de Arroz) and fortified sea salt (Sal Atlántida), and distributes a diversified portfolio of third-party mass consumption brands (Maseca, Harina Gemina, Can Can, ARCOR, Kimberly Clark, Jumex, Alen and others) to more than 15,000–20,000 points of sale across Nicaragua through its Industrial, Commercial, Logistics and Baking Center divisions.

Product overview

Agricorp is a diversified agroindustrial company with three main operational divisions: Industrial Division (8 plants, 5 rice processing centers producing rice, salt, and eggs), Commercial Division (distributing rice and mass consumer goods to 15,000+ points of sale), and Logistics Division (managing 3 distribution centers). The company produces its own core brands including Arroz Doña María, Arroz Faisán, Aceite de Arroz, and Sal Atlántida. It distributes a diversified portfolio of third-party brands including Maseca, Tortimasa, Tortiricas, Harina Gemina, Can Can, Pastas INA, Gama, Jugos Ya, Aurora (tuna and sardines), TONNINO Atún Gourmet, Arcor products, Ascan/Kan Kan (pet food), Kimberly Clark products, and Alen products (Pinol, Ensueño, Cloralex). The Baking Center provides innovation support for bakery and pastry applications.

Differentiator

Problem solved

Functional benefit

Brands

• Arroz Doña María: Rice brand
• Arroz Faisán
• Sal Atlántida
• Aceite de Arroz
• Harina Gemina
• Harina de maíz Maseca

Quantifiable outcome

• 107% increase in picking operations (2021 vs 2023) after WMS implementation
• +5 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Cerca TechnologycoreTechnology or Integration · 1 January 2021Implementation of Infor WMS warehouse management system by Cerca Technology, achieving 107% increase in picking operations, 99.9% inventory accuracy, 15% service level improvement and 25% delivery improvement. Solution includes Labor Management and Billing capabilities.
• Alen (Mexico)minorChannel Partner/ Reseller/ Distributor · 1 January 2017Added home care products from Mexican company Alen with brands: Pinol, Ensueño and Cloralex.
• Molinos ModernoscoreChannel Partner/ Reseller/ Distributor · 1 January 2015Added products from Molinos Modernos company including flour, biscuits and pastas with recognized brands: Can Can, Pastas INA, Gama.
• ArcorcoreChannel Partner/ Reseller/ Distributor · 1 January 2008Incorporated recognized brands including Arcor, Bon o Bon, and other products like coffee, sugar, tuna, oil and dog food with brands Ascan and Kan Kan.
• Jugos JumexminorChannel Partner/ Reseller/ Distributor · 1 January 2008Added Jugos Mexicanos (Jumex juices) in September 2008, recognized for quality and nutritional values.
• NICASAL (Cooperativa de Salineros)minorStrategic or Co-development Partner · 1 January 2006Agricorp supported traditional salt producers in creating NICASAL cooperative which produces clean, fortified dry sea salt with micronutrients fluoride and iodine under health ministry and WHO standards. Agricorp commercializes Sal Atlántida brand.
• CACSA (Sociedad Arrocera Costarricense)coreStrategic or Co-development Partner · 1 January 2005Agricorp acquired the Costa Rican rice company CACSA, expanding regional presence in the rice sector.
• GrumacoreChannel Partner/ Reseller/ Distributor · 1 January 2004Added to distribution portfolio the products of Gruma company with brands: Maseca, Tortimasa and Tortiricas. This was incorporated following the DR-CAFTA agreement.
• INA (Industrias Nacionales Alimentarias)coreStrategic or Co-development Partner · 1 January 2003AGR ACORP fusionó con la empresa INA en 2003, diversificándose con wheat flour under the Gemina brand. This merger expanded Agricorp's product portfolio to include wheat-based products.
• Kimberly ClarkcoreChannel Partner/ Reseller/ Distributor · 1 January 2003Diversified portfolio incorporating Kimberly Clark product lines with a selection of personal care products for Nicaraguan families.
• BühlercoreTechnology or IntegrationLatest generation processing equipment provider for rice mills at three Industrial Centers.
• SatakecoreTechnology or IntegrationLatest generation processing equipment provider for rice processing facilities.

Scale indicators14 records

Recent moves16 records

Expansion highlights5 records

Broad incumbents

• Herdez: Mexican shelf-stable food CPG (sauces, canned vegetables, rice, condiments) with strong Central American retail presence — directly comparable in product format (shelf-stable staples) and mass-market distribution model.
• Grupo Bimbo: Global baked-goods CPG leader with deep Central American distribution and a network of bakeries serving small retailers, comparable in scale and last-mile reach to Agricorp's Baking Center and bakery-channel distribution.
• Arcor: Argentine food and confectionery multinational whose brands (Arcor, Bon o Bon) Agricorp distributes in Nicaragua. Comparable as a Latin American CPG manufacturer and a key principal in Agricorp's distribution portfolio.
• Grupo Lala: Latin American dairy and processed-foods CPG with extensive distribution to traditional and modern trade across Central America — comparable channel mix (pulperías, supermarkets, wholesalers) and route-to-market approach.
• Nestlé Centroamérica: Global packaged-foods multinational with deep Central American presence across rice, dairy, and basic-foods categories; benchmark for the multinational CPG scale and distribution depth Agricorp competes with and complements in the same Nicaraguan shelves.
• Cargill (Food Latin America): Global agribusiness and food-ingredient player with rice, grain, and food distribution operations across Latin America, including rice origination in Central America — comparable to Agricorp's grain sourcing and industrial milling footprint.

Direct peers

• Molinos Modernos: Central American flour, biscuit, and pasta manufacturer whose Can Can, Pastas INA, and Gama brands are distributed by Agricorp. Direct peer in flour-and-staples milling and Central American grocery distribution.
• Industrias del Maíz: Central American corn- and grain-based food manufacturer with regional distribution — a direct peer in grain-based processed food manufacturing and Central American retail/wholesale distribution.
• Grupo Gruma: Mexican multinational corn flour and tortilla producer whose Maseca, Tortimasa, and Tortiricas brands are distributed by Agricorp in Nicaragua. Operates the same integrated manufacturing-plus-Central-American-distribution model that Agricorp runs, and is a direct competitive presence in the same Nicaraguan retail aisles.

Others

• Kimberly-Clark Latin America: Global personal-care CPG whose products Agricorp distributes in Nicaragua; comparable as a principal supplier within Agricorp's mass-consumer-goods distribution portfolio and a benchmark for the kind of multinational brand Agricorp partners with.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xfacebook.com/AgricorpComercial
• YouTubeyoutube.com/@agricorpcanaldeprensa4280
• Facebookfacebook.com/AgricorpComercial
• LinkedInlinkedin.com/company/grain-hill
• Instagraminstagram.com/agricorpcomercial_

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agricorp