Jamaica Producers Group Limited Acquires the Juicy Group NV and HPP Belgium NV  

• Jamaica Producers Group Limited announced that it has acquired 100% of the shares of The Juicy Group NV and HPP Belgium NV. JP operates as a market leader in Europe in the business of fresh juice and is the owner of A.L. Hoogesteger Fresh Specialist B.V. in the Netherlands and is the major shareholder of Co Beverage Lab S.L. in Barcelona, Spain.
• With this acquisition, JP strengthened its position in the European market for freshly squeezed juices and smoothies. The Group now has production facilities and commercial offices in Zwanenburg (The Netherlands), Binche (Belgium), and Barcelona (Spain). From these three state-of-the-art production locations, each with its own specialization and core customers, the JP juice group will offer a wide range of cold-pressed fresh juices and smoothies in common packaging forms and make use of advanced ultra-fresh and High-Pressure Processing technology in all its facilities.
• "We are delighted to add The Juicy Group and HPP Belgium NV to our Pan European juice group," said Jeffrey Hall, Chief Executive Officer of JP. "This acquisition furthers our strategic objective of being a Pan-European leader in the fresh juice business. It allows us to expand our production capacity, drive innovation and serve our core customers even better. We congratulate the JP team in Europe for delivering on this project for the wider Group."
• The acquisition of The Juicy Group NV and HPP Belgium NV was completed on March 21, 2023, and will form part of the assets that will be transferred to the Pan Jamaica Group as part of the amalgamation agreement between PanJam Investment Limited (‘PanJam’) and JP, which will see JP transferring its core businesses to PanJam in exchange for a 34.5% investment in PanJam. The amalgamation is on schedule for completion in the second quarter of 2023.

(Source: JSE)