New US$500 million Regional conglomerate on the horizon: CARICOM BUSINESS
Seprod Limited is moving to acquire a 100 year-old Trinidad & Tobago company, A.S. Bryden & Sons Holdings, “to create the leading integrated manufacturing and distribution group in the Caribbean," the companies said In a joint announcement.
Their combined revenues is estimated at US$500 million. Together, Jamaica-based Seprod and A.S. Bryden, with a team of close to 3,000 employees, will supply food, pharmaceutical, premium beverage, hardware and industrial companies with an expanded portfolio of their own manufactured brands, the companies say. The transaction is subject to regulatory approval. The deal is expected to close by May 31. (JG)
Extract from CARICOM BUSINESS Newsletter, Vol 5 No 19
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