Date: February 12, 2019
Everything Fresh Limited (EFRESH) has purchased 100% of The Meat Experts. The agreement was signed recently and the takeover is now complete. The purchase consideration was Fifty Million Jamaican Dollars and they expect to spend an additional Thirty Million Jamaica Dollars for upgrades, in very short order.
EFRESH also advised that Meat Experts is a widely integrated manufacturing operation located in Bod Walk, St. Catherine. It has its own abattoir, cutting, processing, packaging and cold storage facilities and logistics network.
EFRESH further advised that the acquisition will add several new products to the EFRESH line-up, promote the support of local livestock and produce farmers and reduce costs. EFRESH will be serving both its bulk and retail clients with additional products that will be launched under the “Meat Experts” and the “Everything Fresh” brands.
For further details, please visit https://www.jamstockex.com/