A.S. Bryden acquires 44.8% stake in premium food and beverage distributor
Seprod’s Trinidad and Tobago-based subsidiary, A.S. Bryden and Sons Holdings Limited (ASBH), has acquired a 44.8 per cent stake in Caribbean Producers Jamaica (CPJ), making it the largest shareholder in the premium food and beverage distributor serving hotels and resorts in Jamaica and St Lucia.
Nicholas Scott, director of A.S. Bryden, indicated the regional distributor’s intention to continue making additional purchases of CPJ shares and ultimately gain control.
“This investment is consistent with ASBH’s strategy of expanding our business regionally, said Scott. “We intend to continue to make additional purchases of CPJ shares in the future with the objective of ultimately acquiring control.”
Scott said A.S. Bryden will make additional disclosures if this occurs in accordance with applicable regulations.