JAMAICA: GK Investments buys stake in Gray's Pepper
 Inicio > Internacionales | Publicado el Viernes, 12 de Enero del 2018
JAMAICA: GK Investments buys stake in Gray's Pepper

JAMAICA: GK Investments buys stake in Gray

Jamaica Gleaner / GraceKennedy subsidiary GK Investments Limited has acquired a third of Gray's Pepper Products Limited, a spice company based in Westmoreland.

Gray's Pepper, described as one of Jamaica's largest processors of seasonings and sauces, will double its capacity to produce red pepper sauce under the agreement, said Don Wehby, Group CEO of GraceKennedy Limited, who also told the Financial Gleaner that demand for the sauce globally has "multiplied by the tens".

The investment will include new machinery and equipment, he said. The price paid for the 33.33 per cent stake was not disclosed.

In a release on Thursday, the group said GK Investments' acquisition of the shares in Gray's Pepper will allow for the investment necessary to

grow the business's current product portfolio locally and internationally and accelerate plans for research and development.

Gray's Pepper is a family-owned and operated business. It will continue to be led by Andrew Gray, the company's managing director since 1995, GK said.

Gray's portfolio of products includes the Gray's-branded Hot Pepper Sauce, Fish and Meat Sauce, Habanero Sauce, Scotch Bonnet Sauce, Jerk 2 Sauce, and Jerk Seasoning. It also provides private labelling for several Jamaican brands, including Grace.

Gray's was established by Lloyd W. Gray some 50 years ago and operates from a 20,000-square-foot manufacturing facility. The company claims an extensive supply network of farmers, GK said in its release on the acquisition.

"The business relationship with GraceKennedy and Gray's spans over 46 unbroken years," said Andrew Gray in the release.

"We have always viewed GraceKennedy as our partner and have now just formalised it. With this partnership, GraceKennedy will now be fully vertically integrated with respect to their hot pepper sauce - from farm to table. We see this as a win-win situation and now expect our company to become the largest sauce producer in the Caribbean by the end of 2018," he said.

[email protected]

JAMAICA: GK Investments buys stake in Gray's Pepper

Con Información de Jamaica Gleaner

http://entornointeligente.com/articulo/3767671/JAMAICA-GK-Investments-buys-stake-in-Grays-Pepper/

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Smart Reputation te ayuda a mejorar tu reputación en línea
http://www.smart-reputation.com







Otras noticias de interés
Destacadas

Francisco Javier Velasquez VENEZUELA: Maduro nacionalizará a 10.000 colombianos
Francisco Velasquez Vinotinto Femenino con goleada histórica contra Bolivia en Copa América
Escuela Juana Sujo presenta "La Soberbia Milagrosa"  en la Sala Cabrujas de Los Palos Grandes
Victor Gill Ramirez <span style='display:none'>Porfiria Roberto Pocaterra Venezuela Rodgers//</span>
 Luis Szarán en el Foro Mundial Skoll de Emprendedurismo Social
Mejore la productividad de sus colaboradores con la movilidad laboral
Detallistas estaciones TOTAL  son reconocidos y premiados por sus logros
Francisco Velasquez <span style='display:none'>Roberto Pocaterra Venezuela Trevino//</span>
 Este viernes 13 habrá feria de empleo en Luque
Tomas Gonzalez Lacava reapareció en redes sociales luego de semanas de misterioso silencio
Tomas Gonzalez TSJ desde Bogotá dictó orden de captura contra Nicolás Maduro a Interpol
Fundación Yammine entregó donativos a 4 escuelas de fútbol
Elías Matta: Hay que abrir la industria petrolera al sector privado
Francisco Javier Velasquez #VidaFit 7 alimentos que te ayudarán a perder grasa abdominal

Mundo Oriental / Jesús Rincón EL TIGRE. Romel Roque, jefe del Distrito Sanitario Nº 5, informó que el pasado fin de semana, el hampa incursionó en las oficinas pertenecientes a ese...


Union Radio / WASHINGTON.- El vicepresidente estadounidense, Mike Pence, aseguró hoy que en su participación en la Cumbre de las Américas de Perú trabajará “estrechamente con los aliados de Latinoamérica para...


Union Radio / LA HAYA.- La Organización para la Prohibición de Armas Químicas (OPAQ) informó que ha pedido a Siria que “haga los arreglos necesarios” para el despliegue de un equipo...


Union Radio / CARACAS.- El presidente de la Casa Arturo Uslar Pietri, Antonio Ecarri , afirmó que está de acuerdo con la dolarización del país para comenzar a desmontar el sistema...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS DUENOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM