Jamaica Broilers Selling its Best Dressed Chicken Processing Plant in South Carolina

• The Jamaica Broilers Group Limited (JBG) has advised that it has entered into an agreement to sell assets of the Best Dressed Chicken Processing Plant located in South Carolina, USA.
• These assets were previously purchased in September 2019 from Gentry’s Poultry Company, Inc. and were held through the Company’s subsidiary, The Best Dressed Chicken, Inc.
• This asset sale transaction follows a strategic review of the Company’s U.S. Operations in light of sustained operational challenges and market conditions (including weak selling prices for U.S. Poultry) that have impacted performance in the broiler meat segment.
• These challenges played a role in the group’s $2.22Bn loss for the quarter ended January 31, 2026 (Q3 2026), alongside disruptions from Hurricane Melissa. Management highlighted in January that its Jamaica Operations post-Melissa was recovering ahead of schedule. Following the divestment of its South Carolina processing plant, JBG’s US footprint will centre on its fertile egg production and logistics hubs. This includes International Poultry Breeders (IPB), with hatcheries across Georgia, Arkansas, and Pennsylvania, and Wincorp International, which manages procurement and logistics. To stabilise these remaining core assets, the Group is actively restructuring leadership, tightening financial controls, and transitioning to specialised sector auditors.
• JBG's stock price has decreased by 13.1% since the start of the year to close at $14.87 on Tuesday, April 14, 2026.

(Source: JSE& NCBCM research)