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Financial News

Mar 2021 Financial News

GraceKennedy Limited - Notice of Acquisition of the 876 Spring Water brand

Mar 10, 2021

GraceKennedy has come to an agreement with Bliss Limited and UniBev Limited (UniBev) to acquire the 876 spring water brand. 876 spring water has been distributed by World Brands Limited (WBS), a GraceKennedy subsidiary, since it entered the market in 2017. This is the second announcement of an acquisition by GraceKennedy this week. The acquisition of 876, which remains subject to customary closing conditions, places GK in a stronger strategic position in the Jamaican spring water market.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 10th March 2021