A.S. Bryden Acquires Control Of Stansfeld Scott In Barbados

• A.S. Bryden & Sons Holdings Limited (“A.S. Bryden”) has announced that it has acquired a 55% controlling stake in Stansfeld Scott (Barbados) Limited (“SSB”).
• SSB is a leading distributor and retailer of wines, spirits, and consumer health products in Barbados. SSB’s products include El Dorado and Plantation rums, Glenfiddich whisky, Stolichnaya vodka, Banrock Station and Lamothe Parrot wines, Twining’s teas, Haliborange vitamins, and Endura Malt.
• In addition to its distribution business, SSB operates six Wine World branded retail stores across Barbados. The transaction will allow A.S. Bryden to expand its premium beverage business outside Trinidad for the first time.
• Outgoing Chairman of SSB, Brian Cabral, will retain an ownership interest in the Company following the transaction and will remain a director. However, Stansfeld Scott International, a master distributor of wines and spirits across the Caribbean and Central America, which is also owned by Mr. Cabral and his partners, Jayshree Kessaram and Indra Cabral will not be impacted by this transaction.
• This transaction forms part of the company’s strategy for regional expansion to boost revenue.

 (Source: JSE)