Jamaican food group Seprod has announced the sale of its biscuits unit, International Biscuits Limited (IBL). This development is noteworthy within the context of current food and beverage industry trends.
The biscuits division produces well-known brands such as Butterkist and Snackables. Additionally, IBL manufactures products for other brand owners, including Ovaltine and Miss Birdie, contributing significantly to the food and drink business landscape.
While the financial specifics of the transaction remain undisclosed, Seprod has emphasized that this move aligns with its portfolio optimization strategy. This decision aims to enhance operational focus, strengthen its balance sheet, and deliver sustainable long-term value to shareholders.
CEO Richard Pandohie stated, “This transaction represents a deliberate and strategic step in aligning our portfolio with our long-term growth priorities.” Furthermore, he noted, “We are sharpening our operational focus, strengthening our balance sheet, and preserving strong commercial partnerships that support our broader manufacturing and distribution platform.”
Despite the sale, Seprod will continue to distribute IBL-produced products in local markets. The company has confirmed that existing export arrangements will remain intact, indicating a commitment to their ongoing presence in the food and drink consumer trends.
Recently, Seprod reported a 15% increase in annual revenue, reaching J$153.62 billion ($977.8 million) for the year 2025. In terms of profitability, operating profit rose by 34% to J$12.07 billion, while net profit surged by 72.1% to J$5.72 billion.
In a statement accompanying their financial results, the group said, “This growth reflects expanded distribution volumes, improved pricing execution, and the continued integration of recent acquisitions.”
During the same fiscal year, Seprod increased its ownership stake in AS Bryden & Sons Holdings Limited (ASBH) from 50% to 80%. ASBH, in turn, raised its holding in Caribbean Producers (Jamaica) Limited (CPJ)—a key supplier to the hospitality and foodservice market—from 75% to 80%.
In summary, this strategic divestment not only reflects Seprod’s commitment to its growth priorities but also underscores the dynamic nature of the food and drink industry. For more insights, visit <ahref=”https://www.globaldatamarketingsolutions.com/”>Global Data Marketing Solutions.
