A.S. Bryden Announces Strategic Stake In CPJ

• A.S. Bryden & Sons Holdings Limited (ASBH), a company incorporated in Trinidad and Tobago, has announced that it has acquired a 44.8% strategic stake in Caribbean Producers Jamaica (CPJ) Limited.
• CPJ is a leading food and premium beverage distributor for major global brands focusing on serving hotels and resorts with operations in Jamaica and St. Lucia.
• ASBH acknowledges that its acquisition represents more than 20.0% of the issued share capital of CPJ under the Jamaica Stock Exchange’s General Principles relating to Takeovers and Mergers and the applicable securities regulations in Jamaica.
• Consequently, the company must submit a written statement to the Exchange and the listed company at its registered office or principal place of business via registered mail. This statement must include the amount of equity being acquired, the purpose of the acquisition, whether further acquisitions are planned, and if there is an intention to take control.
• For any additional 5.0% or more of the equities acquired, ASBH must, at the time of that acquisition, provide a similar statement until it has acquired 50.0% of the equity of
• ASBH is now the largest shareholder of CPJ. The company plans to continue making additional purchases of CPJ shares in the future to acquire control.
• The investment is consistent with ASBH’s strategy of expanding its business regionally, and its stake in CPJ will give it additional scale and expand its geographic footprint beyond Trinidad, Barbados, and Guyana to now include Jamaica and St. Lucia.
• Additionally, it will provide ASBH with new capabilities to serve the hotel, resort, and restaurant channels and give our business access to hard currency earnings.

(Source: JSE)