GraceKennedy Limited (GK) has advised that GK Investments Limited, a subsidiary of GraceKennedy has acquired a 33 1/3% stake in Gray's Pepper Products Limited, one of Jamaica's largest processors of seasonings and sauces.
GK further advised that GK Investments' acquisition of the shares in Gray's Pepper will allow for the investment necessary to grow the business' current product portfolio locally and internationally. GK also states that the investment will further accelerate plans for research and development that will result in a more compelling and diverse product offering.
JSE - Jamaica Stock Exchange Ltd. published this content on 12 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2018 14:29:02 UTC.
Original documenthttps://www.jamstockex.com/gracekennedy-limited-gk-acquisition-of-shares-in-grays-pepper-products/
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