GraceKennedy Ltd (GK) to Acquire Stake in Catherine’s Peak Brand

GraceKennedy Limited (GraceKennedy) last Monday announced that it will acquire a 35% share in Catherine’s Peak pure spring bottled water brand, which is owned by Peak Bottling Company Limited (PBCL), subject to further due diligence. The acquisition is being undertaken following the signing of a binding memorandum of understanding between GraceKennedy and PBCL at GraceKennedy’s Harbour Street offices.

GraceKennedy has also been appointed as the exclusive distributor for the Catherine’s Peak brand which will immediately benefit from GraceKennedy’s extensive distribution network.

Source: Jamaica Stock Exchange