USA

Jamaica Broilers acquired a feed mill in Georgia

Mergers & Acquisitions

Jamaica Broilers Group (JBG) has announced it has acquired a feed mill in Georgia for an undisclosed sum.

Posted on Sep 10 ,10:51

Jamaica Broilers acquired a feed mill in Georgia

Jamaica Broilers has closed a deal with Wincorp Properties, a subsidiary of Crystal Farm Mills, to take over the feed unit, Loop News reported.

The company has already bought two other feed mills in Iowa and Pennsylvania  as part of its expansion strategy.

According to Loop News, the company has been growing its operations in all of the three markets where it is present, Jamaica, the US and Haiti.

Group Senior Vice President – Finance & Corporate Planning, Ian Parsard, told Loop News that the company expects a growth of 15% based on the new acquisition.

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