August 29, 2018

Jamaica Broilers acquires feed mill in Georgia

Jamaica Broilers Group (JBG) has acquired a feed mill in Georgia for an undisclosed sum as part of its expansion thrust in the US.

In an advisory to the Jamaica Stock Exchange, JBG said it is finalizing the asset purchase agreement with Crystal Farm Mills through its subsidiary Wincorp Properties, but has already taken over the day-to-day operations of the facility.

Just last year, the company acquired two hatcheries, one in Iowa and the other in Pennsylvania.

Speaking with Loop News, Group Senior Vice President – Finance & Corporate Planning, Ian Parsard said the company has been growing its business in Jamaica, US and Haiti – the three markets in which it operates.

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