Wisynco Group Limited (“Wisynco”) - Announces Strategic Investments

Wisynco Group Limited (Wisynco) has announced two major investments as part of its growth strategy.
The group acquired a 30% equity stake in Ringtail Holdings Limited (RHL), the parent of Select Brands Limited (SBL), and purchased the business and production assets of Ringtail Bottlers Limited. These acquisitions secure exclusive co-packing rights for Stone’s Ginger Wine and other brands within Select Brands’ portfolio.
While Select Brands will continue to operate independently, Wisynco will have board presence at both Ringtail Holdings Limited and Select Brands Limited. Moreover, the alliance will explore various strategic and commercial synergies moving forward in the areas of distribution, product innovation, manufacturing, marketing and promotion.
The acquisition is a notable step in Wisynco’s push to expand its beverage and spirits portfolio and could contribute to its long-term growth and market diversification.
Group CEO Andrew Mafood noted that “…. We are proud to take on its production and ensure it continues to thrive both here and abroad.” Likewise, David McConnell, co-managing director of Select Brands, noted that leveraging Wisynco’s production and distribution strengths alongside Select Brands’ expertise in premium brand-building can “…optimise the performance of our global alcohol beverage portfolios while continuing to serve Jamaican consumers…”.
Mahfood added, “Now was the right time for this partnership. It complements Wisynco’s broader growth strategy while aligning us with the preeminent leader in wines, spirits and the premium on-premise trade.”
At market close on August 26^th, Wisynco’s stock traded at $21.46, which is marginally higher than the $21.44 at the start of the year. Likewise, it traded at a P/E ratio of 17.17x, which is marginally higher than the Main Market Manufacturing and Distribution average of 17.06x.

(Source: JSE, NCBCM Research )