Jamaican Food Group seprod sells Biscuits Business

Credit: Mosiahina Yulia/Shutterstock.com

Jamaican food-and-drinks shaper Seprod has sold its biscuits portion International Biscuits Limited.

The biscuits business makes products nether brands including Butterkist and Snackables. It besides manufactures products for different marque owners, specified arsenic Ovaltine and Miss Birdie.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to scope engaged professionals crossed 36 starring media platforms.

Find retired much

The financial position of nan transaction and immoderate accusation astir nan purchaser were not disclosed. Just Food has contacted Seprod for much details.

In a stock-exchange filing, Seprod said nan disposal aligns pinch its “portfolio optimisation strategy to heighten operational focus, fortify its equilibrium expanse and present sustainable semipermanent worth to shareholders”.

CEO Richard Pandohie added: “This transaction represents a deliberate and strategical measurement successful aligning our portfolio pinch our semipermanent maturation priorities.

“We are sharpening our operational focus, strengthening our equilibrium sheet, and preserving beardown commercialized partnerships that support our broader manufacturing and distribution platform.”

Seprod will support distributing IBL-made products locally. The institution added existing export arrangements will enactment successful place.

Last month, Seprod, location to brands including Betty beverage and Swizzle beverages, reported its yearly gross accrued 15% to J$153.62bn ($977.8m) during 2025.

Operating profit climbed 34% to J$12.07bn and nett profit jumped 72.1% to J$5.72bn.

In a connection published alongside nan results connected 24 February, nan group said: “This maturation reflects expanded distribution volumes, improved pricing execution and nan continued integration of caller acquisitions.”

During nan year, Seprod lifted its liking successful AS Bryden & Sons Holdings Limited (ASBH), a distribution-focused business, from 50% to 80%, while ASBH accrued its holding successful Caribbean Producers (Jamaica) Limited (CPJ), a supplier to nan hospitality and foodservice market, from 75% to 80%.