Atlantic Hardware and Plumbing lists on JSE Junior Market
Atlantic Hardware and Plumbing Limited was listed as the newest member of the Junior Market of the Jamaica Stock Exchange on April 4, 2025.
In March, Atlantic, a 30-year-old wholesale distributor in Jamaica is now inviting applications for 499,999,800 ordinary shares at J$1.00 per share in its initial public offering. Lead broker was JMMB Securities Limited.
Atlantic is a wholesale distributor, stocking over 2,400 inventory items including home improvement supplies, tools, building materials, doors, flooring, lawn and garden supplies, paint and adhesives.
Management says that the company has over 1,000 repeat customers located across the length and breadth of Jamaica. The customer base is comprised of hardware stores, contractors, developers and retail consumers.
Atlantic aims to use the funds raised to pay down existing debt. The company is chaired by Paul B. Scott with the CEO being David Harris. Company location id 105-107 Marcus Garvey Drive, Kingston.
Atlantic is the authorized distributor for brands such as: Stanley Tools, Black & Decker, Dewalt, Oatey, DAP Inc., Yale, Bosch, Generac Generators, Barnett Brass, Bootz Industries, Chillington Tools, Corona Sanitary Wares, Deer Abrasives, Fleetwood, Gardner, Gibson, Genova, Henkel Pattex, Jeld-Wen, Meridian Int., Rust-Oleum, Skil Tools, Brow
ns USA, Sunny Int., Tradecom Int., and WD-40. Atlantic’s distributors are located all over the world to include but not limited to the USA, China, Taiwan, Hong Kong, Vietnam, Malaysia, Brazil, Colombia, Trinidad, Mexico, Costa Rica, UK, Germany, Sweden, South Africa and Panama.
Performance
Over the period 2019-2023, company revenue increased from J$1.33 billion to J$1.44 billion or 8 per cent. Net profit decreased from J$377 million in 2019 to J$147 million in 2023 due to one off, extraordinary items in one year.
Over the period (2019-2023), total assets increased from J$1.58 billion to J$2.14 billion or 35.3 per cent with the increase driven by higher balances for cash.
Photo: Mr. Andrae Tulloch (left), Chief Regulatory Officer of the Jamaica Stock Exchange (JSE) presents the JSE’s Junior Market Rule Book to Mr. Deanall Barnes (right), Chief Executive Officer, Atlantic Hardware & Plumbing Company Limited (AHPC). The occasion was the Listing Ceremony of AHPC’s Listing Ceremony, which was held at the JSE on Friday, April 4, 2025, at 8:30 a.m.
Caribbean money Daily.
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