Seprod eyes US$1 billion in sales by next three years
Focused on its target to double exports in the next two years, manufacturing and distribution conglomerate Seprod Limited said it is also pushing to reach US$1 billion in sales. Describing the move as ambitious, CEO Richard Pandohie said he believes it is very achievable and well within reach if the company continues on its current […]
Seprod gets shareholder nod to create new shares
Food manufacturing and distribution company Seprod on Wednesday received shareholder approval to increase the company’s authorised shares, but is still silent on when the new capital will be deployed and for what purpose. The company’s share capital will increase from 780 million shares to one billion, creating 220 million additional units.Just shy of 733.55 million […]
Acquisition of Bryden Group behind improved performance
Seprod says the acquisition of the Bryden Group was the driving force behind the improved performance that was reported at the company's Annual General Meeting yesterday. Group CEO Richard Pandohie says they are already deriving benefits from the combined entities in efforts to expand their regional distribution footprint. Mr Pandohie says Seprod delivered on its […]
World School Milk Day
Why Serge Milk Matters: Nourishing Jamaica One Glass At A Time In a world filled with ever-changing dietary trends and food choices, one nutritional powerhouse continues to stand the test of time: Milk, specially when it comes from the renowned dairy producer, Serge Island Farms. On this World School Milk Day, it is essential to […]
Seprod chairman bemoans shrinking Jamaican workforce
Chairman of Seprod Group, Paul B. Scott, is warning of the clear and present dangers of what he says is Jamaica’s shrinking workforce.Scott argues that this situation is getting worse due to a number of factors such as increased migration and Jamaica’s climbing death rate. He reasons that, “Jamaica has a death rate of 8.8 […]
Seprod aiming for revenue exceeding US$650 million by end of 2023
Jamaica-headquartered regional conglomerate, Seprod Group, is looking to exceed revenues of US$650 million by the end of this year with a robust growth trajectory for future years. This growth level is expected from the amalgamated entity, which in June 2022, saw Seprod’s metamorphosis to a regional player continued with the acquisition of the Brydens Group […]
Seprod to increase share capital
Food company Seprod Limited plans to increase its authorised share capital by 28 per cent in a series of steps that will let the board transfer the new shares to persons or directors and list them on the market. The move requires shareholder approval at the upcoming annual general meeting on September 27. Shareholders are […]
Seprod purchased AS Bryden for $312.7m
AS Bryden and Sons Holdings Ltd was valued at $267.9 million (JA$6.09 billion) when Seprod Ltd, the regional manufacturing and distribution company headquartered in Jamaica, sought to acquire it last year. And to fund the transaction Seprod used a loan of $172.4 million (JA$3.9 billion) and issued preference shares to the tune of $140.3 million […]
Butterkist Creates Amazingly Good Moments As Students Settle In For The New School Term
Kingston, Jamaica … September 15, 2023 – Butterkist, this week embarked on a heartwarming outreach initiative to engage basic, primary, and high school students on Red Hills Road where it is located and its environs. On Wednesday, September 13, 2023, representatives from Butterkist visited eight (8) schools in a bid to spread some back-to-school joy […]
