Jamaica Producers Expands Logistics Interest
- Jamaica Producers Group Limited (‘JP’) announced that it has entered into an agreement to acquire a 50.0% shareholding interest in Geest Line Limited. Geest Line Limited, based in the UK, is a leading shipping line connecting Europe and the Caribbean and has operated in the trade for more than 65 years.
- Chief Executive Officer of JP, Jeffrey Hall, has stated that this acquisition is a key part of JP’s strategy to continue to strengthen and expand its investment portfolio in Caribbean Logistics and Infrastructure. Sealines Holding N.V., a worldwide leader in reefer vessel shipping services, will hold the remaining 50% interest in Geest Line Limited.
(Source: Jamaica Producers Group Limited)