AS Bryden ready for CPJ offer in 30 days
As a result of this additional purchase, ASBH now owns 75.3 per cent of CPJ and CPJ is now a subsidiary of ASBH. The Company recognizes that this increased ownership represents more than 50 per cent of the issued share capital of CPJ and consequently
ASBH will extend a mandatory offer to all remaining CPJ shareholders within thirty days in accordance with the Jamaica Stock Exchange's General Principles relating to Takeovers and Merges.
CPJ was founded in April 1994 by Mark Hart and Thomas Tyler as a food service distributor selling consumable products to the hospitality industry, distributing also non-food, wines & spirits for major, internationally renowned brands. It now manufactures its own line of beverages and meat products.
The company listed on the Jamaica Stock Exchange (JSE) on July 20th.
Located in Montego Freeport, St. James, the company has over 120,000 sq. ft. of space, housing offices, manufacturing plants and refrigerated and dry warehouse space. The distributor of wines and spirits and distributes brands, namely Bacardi, Grey Goose, Dewar’s, Rémy Cointreau, Yellow Tail, Concha y Toro, Taittinger and Louis Latour.
Its other operations are retail store CPJ Market with The Deli and CRU Bar and Kitchen at Courtyard 71 located at 71 Lady Musgrave Road adjacent to New Kingston and CPJ St. Lucia.
The CPJ Saint Lucia Ltd Distribution Centre and Meat Processing Facility, a joint venture between Du Boulay’s Bottling and Caribbean Producers Jamaica, held its opening ceremony on Thursday, November 5, 2015 and represented a US$25 million invested in new plant and equipment and employment of 40 locals.
AS Bryden, a Trinidad company, was acquired by CPJ in 2022 which company disclosed that the purchased on a going concern basis from owners who were principally concerned with succession planning.
Effective June 1, 2021, Seprod acquired 60 per cent of the shareholding of AS Bryden which in turn held a stake in CPJ, whose results were consolidated in Seprod’s financials for Q3. CPJ primarily services the hotel sector.
From July 9 2024, A.S. Bryden & Sons Holdings Limited (ASBH) acquired 44 .8 per cent of the share capital of Caribbean Producers (Jamaica) Limited (CPJ), a leading food and beverage distributor for major global brands with a focus on serving hotels and resorts in Jamaica and St. Lucia.
Richard Pandohie, chairman of Caribbean Producers Jamaica Limited, CPJ, is focused on regional expansion of the business.
CPJ provided no profit uplift from CPJ in Seprod’s third quarter. Seprod chair PB Scott commented, “this will turn around in Q4 as the winter tourist season gets going in Jamaica, with the hotels already reporting stronger booking than last quarter experience.”
ASBH will extend a mandatory offer to all remaining CPJ shareholders within thirty days in accordance with the Jamaica Stock Exchange's General Principles relating to Takeovers and Merges.
CPJ was founded in April 1994 by Mark Hart and Thomas Tyler as a food service distributor selling consumable products to the hospitality industry, distributing also non-food, wines & spirits for major, internationally renowned brands. It now manufactures its own line of beverages and meat products.
The company listed on the Jamaica Stock Exchange (JSE) on July 20th.
Located in Montego Freeport, St. James, the company has over 120,000 sq. ft. of space, housing offices, manufacturing plants and refrigerated and dry warehouse space. The distributor of wines and spirits and distributes brands, namely Bacardi, Grey Goose, Dewar’s, Rémy Cointreau, Yellow Tail, Concha y Toro, Taittinger and Louis Latour.
Its other operations are retail store CPJ Market with The Deli and CRU Bar and Kitchen at Courtyard 71 located at 71 Lady Musgrave Road adjacent to New Kingston and CPJ St. Lucia.
The CPJ Saint Lucia Ltd Distribution Centre and Meat Processing Facility, a joint venture between Du Boulay’s Bottling and Caribbean Producers Jamaica, held its opening ceremony on Thursday, November 5, 2015 and represented a US$25 million invested in new plant and equipment and employment of 40 locals.
AS Bryden, a Trinidad company, was acquired by CPJ in 2022 which company disclosed that the purchased on a going concern basis from owners who were principally concerned with succession planning.
Effective June 1, 2021, Seprod acquired 60 per cent of the shareholding of AS Bryden which in turn held a stake in CPJ, whose results were consolidated in Seprod’s financials for Q3. CPJ primarily services the hotel sector.
From July 9 2024, A.S. Bryden & Sons Holdings Limited (ASBH) acquired 44 .8 per cent of the share capital of Caribbean Producers (Jamaica) Limited (CPJ), a leading food and beverage distributor for major global brands with a focus on serving hotels and resorts in Jamaica and St. Lucia.
Richard Pandohie, chairman of Caribbean Producers Jamaica Limited, CPJ, is focused on regional expansion of the business.
CPJ provided no profit uplift from CPJ in Seprod’s third quarter. Seprod chair PB Scott commented, “this will turn around in Q4 as the winter tourist season gets going in Jamaica, with the hotels already reporting stronger booking than last quarter experience.”
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