Arias, Fábrega & Fábrega acted as counsel to Empresa Panameña de Alimentos, S.A. (EPA) in the share purchase agreement with respect to the sale of Sociedad de Alimentos de Primera, S.A. (Bonlac) to Castillo Hermanos.

Under this share purchase agreement, Castillo Hermanos will acquire 100 percent of Bonlac, as Empresa Panameña de Alimentos, S.A. seeks to focus on non-refrigerated products in the Panamanian market.

Since 2010, the year in which ARIFA acted as counsel to the shareholders of Sociedad de Alimentos de Primera, S.A. (SAPRISA) in the sale of 100 percent of its shares to Colombia's Grupo Casa Luker, and to date, significant growth and innovation goals for the Bonlac brand and its products have been achieved, with a 68 percent growth in turnover from that year to date.