March 22, 2023

Jamaica Producers Group Limited (JP) has advised that the Company has acquired 100% of the shares of The Juicy Group NV and HPP Belgium NV. JP operates as a market leader in Europe in the business of fresh juice and is owner of A.L. Hoogesteger Fresh Specialist B.V. in the Netherlands and is the major shareholder of Co Beverage Lab S.L. in Barcelona, Spain.

The acquisition of The Juicy Group NV and HPP Belgium NV was completed on March 21, 2023, and will form part of the assets that will be transferred to the Pan Jamaica Group as part of the amalgamation agreement between PanJam Investment Limited (PJAM) and JP, which will see JP transferring its core businesses to PJAM in exchange for a 34.5% investment in PJAM. The amalgamation is on schedule for completion in the second quarter of 2023.

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