[MIAMI, FLORIDA - DECEMBER 6, 2018] Grace Foods (USA), Inc. (Grace Foods), a company owned by GraceKennedy Limited (GKL), a publicly traded Jamaican corporation listed on the Jamaica and Trinidad Stock Exchanges, has announced that it will acquire a 49% equity stake in a new Joint Venture company, Majesty Foods LLC (Majesty Foods).
Majesty Foods is a Florida-based manufacturer of patty and empanada products. The range of Majesty’s product portfolio is marketed under its own brands “Patty King” and “Latin Delights” as well as under other third-party brands. The company has extensive and valuable co-packing relationships with leading USA companies and its products are sold through multiple retailers in the USA including Whole Foods and Publix. Majesty Foods also sells to leading food services distributors including Sysco, Cheney Brothers and Jetro/Restaurant Depot.
GraceKennedy Limited invites you to participate in our Investor Briefing to discuss our 2018 third quarter results on Thursday 15th November 2018. The briefing will take the form of an on-line audio conference from 2:30 to 3:10 p.m. Jamaica Time (-5 Greenwich Mean Time (GMT)).
You will be able to access the briefing via a live Internet stream by logging in on Thursday 15th November 2018 and clicking on the link below:
Declares profits of 3.7B for the first nine months
GraceKennedy Limited released its third quarter financial report on November 8, 2018. For the nine-month period ending September 30, the Company achieved revenues of $73.8 billion, up by $4.5 billion over the same period in 2017. The Company achievednet profit of $3.71 billion which, when adjusted for non-recurring gains in 2017, represents a $415 million increase over the prior period. Shareholders’ equity moved to $48.4 billion - an increase of $3.2 billion over the same period in 2017.
GraceKennedy Foundation has added a service component to its scholarship programme that is aimed at contributing to Jamaica’s development. This was announced by Senator Don Wehby, Group CEO, GraceKennedy Limited (GKL), who addressed the Foundation’s Scholars Awards Ceremony held at The University of the West Indies (UWI) Mona Campus, on October 18, 2018.
Public being invited to submit nominations October 1 to November 7
For the fifth successive year, GraceKennedy Limited (GKL), in association with the Jamaica Household Workers’ Union (JHWU), will honour household workers for their outstanding performance, through the staging of the GraceKennedy/Heather Little-White Household Workers Awards.
GraceKennedy Limited (GK) has issued a call for more of its employees to take advantage of the benefits of flexible work arrangements.
The battle against garbage polluting Jamaica’s beaches saw a brave effort by GraceKennedy Limited (GKL), one of several corporate entities which participated in the 2018 International Coastal Cleanup (ICC) Day.
Applications are now open for the 2019 GraceKennedy Jamaican Birthright Programme.
The month-long cultural immersion programme allows university students of Jamaican parentage from Canada, the United Kingdom and the United States of America, to participate in a month-long all expenses paid internship in Jamaica. During the internship, the students will be learning about the land of their parents’ or grandparents’ birth while working at a GraceKennedy subsidiary linked to their career interests.
GraceKennedy Limited (GKL) has announced that one of its associated companies in Barbados, Signia Financial Group Inc., has acquired Globe Finance Inc.
First Global Bank Limited (FGB), the commercial bank of the GraceKennedy Group, has officially established agent banking, a first for Jamaica. This was revealed at an official launch of the Bank’s inaugural agent location in the Boulevard Supercentre, on Thursday September 6 2018 in Kingston.
The GraceKennedy Foundation held its annual Carlton Alexander Memorial Bursary Awards Ceremony at GraceKennedy Limited’s (GKL) HQ in downtown Kingston on August 31, 2018. Twenty children of the Group’s employees received academic bursaries valued at a total of $1.2 million for the 2018-2019 academic year.
Group CEO of GraceKennedy Limited (GKL) Don Wehby, has announced changes to the Company’s structure and to its management team effective August 1, 2018, in preparation for the celebration of its 100th anniversary in 2022.
In releasing its Interim Stockholders’ Report for the Second Quarter ended June 2018, the Board of GraceKennedy Limited at its meeting on July 31, 2018, reported revenues of J$48.4 billion, an increase of 4.3% or $2 billion over the corresponding period of 2017. This was driven largely by growth in its Food Trading and Insurance segments.
[KINGSTON, JAMAICA – JULY 17, 2018] As GraceKennedy Limited heads into its 100th birthday in 2022, it has announced a round of restructuring activities starting July 2018.
GraceKennedy Limited has announced the appointment of Indiana Minto Coy, PhD and Peter Moses CD, OJ to its Board of Directors, effective 26th June 2018.
Kingston, Jamaica: June 14, 2018; GraceKennedy Money Services (GKMS) is announcing the all island roll out of its consumer micro-loans product – GK Proxim.
GK Proxim offers unsecured loans of up to $70 000.00 with three months to repay. Consumers may use as proof of income their salary slip; remittance receipts or bank statements to qualify for the loans, with loans being processed within 48 hours.
GraceKennedy Limited (GraceKennedy) today announced that it will acquire a 35% share in Catherine’s Peak pure spring bottled water brand, which is owned by Peak Bottling Company Limited (PBCL), subject to further due diligence. The acquisition is being undertaken following the signing of a binding memorandum of understanding between GraceKennedy and PBCL at GraceKennedy’s Harbour Street offices.