PriceSmart will have sole ownership of the business, accordingto the San Diego-based warehouse retailer.
"In addition to the strategic growth in sales volume andmembership, this additional presence in the Pacific region willallow the company to benefit from operational efficiencies andsynergies, as we have similarly benefited in Central America andthe Caribbean,'' said Allan Youngberg, executive vice president andchief financial officer.
The warehouse will be located in the middle class BarrigadaHeights area with adjacent commercial enterprises and lightindustry, says Brud Drachman, PriceSmart senior vice president forreal estate andconstruction.
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