GraceKennedy Ltd., through our subsidiary World Brands Services Division, is the recipient of the "Top Sales Volume Distributor Award" for 2007 from Otis Spunkmeyer.
Revenues from sales of GraceKennedy’s food brands in international markets stood at US$101 million at the end of 2007, an increase of 113% over the preceding year. In his report on the company’s 2007 financials, Chairman & CEO Douglas Orane credits the increased revenue to a combination of organic growth and the acquisition of the UK-based WT Foods. Mr. Orane said the acquisition of WT Foods brands such as Encona, Nurishment and Dunns River had added US$51 million to international Grace-owned brand sales.