DERRIMON Trading looks to settle down and build out its recently acquired companies while having an eye out for other strategic acquisitions. The company recently completed the acquisitions of Arosa and Spicy Hill Farms. “When we settle down, in two years we want to double what we are doing right now [in terms of sales],” …
After much prodding from Naomi Garrick, the head of the firm which does public relations for Derrimon Trading, I relented on Monday to do the story about the beginning and growth of a company which started with nothing and is now worth $12.6 billion. It’s a story of failings, faith and determination. For Derrick Cotterell, …
Derrick Cotterell, chairman and CEO of Derrimon Trading Company Limited. Less than three months after acquiring food manufacturing company Spicy Hill Farms, Derrimon Trading Company has bagged another business, Arosa Limited, a St Ann-based meat company. Derrimon struck a deal with former owners Robert Hoehener and Herma Grant for the processor of ham, bacon, smoked …
Food and consumer goods distributor Derrimon Trading Limited has completed the 100 per cent acquisition of the St Ann-based food processor Arosa Limited in a deal which was closed on April 6, 2022. Arosa, a 36-year-old company owned by Robert Hoehener and Herma Grant, produces local beef cuts as well as processed meats including sausages …
Caribbean Flavours and Fragrances (CFF), the Kingston-based producer of a host of flavours and fragrances used in the manufacturing process, is now ready to launch into the Dominican Republic and the US. Ian Kelly, chief financial officer of CFF, told the Jamaica Observer that the aim is to have the entity earning more than half …
Caribbean Fragrances ready to expand further in overseas market Read More »
The Derrimon Trading Company Limited marked Labour Day with the execution of its beautification project at the Central Branch All-Age School located on Slipe Pen Road.
Spearheaded by the team at Woodcats International Ltd – a subsidiary of the group, senior executives of Derrimon Trading, including Executive Director and Group Human Resource Manager Monique Cotterell and Chief Marketing Officer Kim Lee were also joined by team members from another subsidiary of the company, Caribbean Flavours and Fragrances.
Derrimon Trading, which operates retail stores Sampars Cash and Carry and Select Grocers, is reporting a 5.7 per cent increase in revenues for its first quarter ending March 31, 2022, as the global economic slowdown affects some of its business lines.
The three months consolidated results of the group reflected an increased revenue of $4.24 billion, marginally up from the $4.01 billion reported for the comparative period last year.
Derrimon Trading Company has now disclosed that the deal to acquire 100 per cent of Arosa Limited was valued at $932 million. It’s also planning to spend another US$2 million, or $310 million at current exchange rates, into operating the business…
Jamaican distribution group, Derrimon Trading Limited (DTL) is accelerating the build out of the new Select Grocers Limited subsidiary at the Millennium Mall in Mineral Heights, Clarendon.
The store, which is scheduled for opening this summer, is slated to be the largest supermarket in central Jamaica. The good news comes, as DTL reported stable financial results for the March quarter, which saw the successful completion of its latest acquisition, Spicy Hills Farms Limited and increased revenue.
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