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Corporate Overview
Derrimon Trading Company Limited is a major distributor of consumer goods to the Jamaican market since 1998 with principal operations located at 235 Marcus Garvey Drive, Kingston 11. The company also operates the Sampars and Select Grocers retail locations and also owns Caribbean Flavours & Fragrances, Spicy Hill Farms, Arosa Limited and Woodcats International. Derrimon’s extensive portfolio also includes New York businesses Food Savers NY Inc, & Good Foods For Less LLC NY. We offer warehouse storage rental, cold storage facilities, an extensive distribution network and online shopping to seamlessly ensure effective engagement between supermarkets, wholesalers, grocery stores, pharmacies, convenience stores and food service channels.
Our Mission
To provide a wide portfolio of products and services that will add value for our customers and suppliers. We will accomplish this through the empowerment of our staff, encouraging innovation and rewarding productivity in our drive to become a world class company.
Our Mission
To provide a wide portfolio of products and services that will add value for our customers and suppliers. We will accomplish this through the empowerment of our staff, encouraging innovation and rewarding productivity in our drive to become a world class company.
Who we are
Derrimon Trading Company Limited (Derrimon) was established in 1998, distributing everyday consumer items to various supermarkets and wholesalers. Strategic leadership coupled with dedication and commitment has seen the range of products vastly increased, with the company now showcasing a wealth of commodities and food supplies. Derrimon has flourished into one of the largest distribution companies in Jamaica through strategic partnerships with local and international partners.
The investment in the retail division in 2009 saw the company acquiring the Sampars brand, and later Select Grocers. Today we serve retail customers through nine (9) locations; Sampars – Marcus Garvey Drive, Boulevard, West Street, Cross Roads, Mandeville, Old Harbour, St. Ann’s Bay and through Select Grocers at Manor Park and May Pen.
Derrimon fully acquired Caribbean Flavours and Fragrances Limited in 2017 and Woodcats International Limited in 2018, both companies are leading players in their respective industry. These acquisitions further enhanced the financial strength of the Group.
Derrimon was listed on the Jamaica Junior Market Stock Exchange December 17, 2013. Caribbean Flavours and Fragrances Limited also listed on the Jamaica Junior Market Stock Exchange in 2013. Both listed companies have been performing exceptionally, with Derrimon being one of the fastest growing companies on the Jamaica Junior Market Stock Exchange and Caribbean Flavours and Fragrances being recognized for best trading stock in 2018 and runner up in 2019.
Derrimon’s growth is attributed to strategic leadership, competent and dedicated team, first world standards and best practices, customer centricity and strategic partnerships with large multinationals such as Nestle.
Derrimon Trading Company Limited’s head office is located at 235 Marcus Garvey Drive, Kingston 11, St. Andrew. The company has over 105,000 square feet state of the art warehouse space along with three (3) additional satellite locations across the island.
Derrimon continues to strengthen its strategic position in the industry and focuses primarily on achieving growth of 50 percent over the next three (3) years through the deepening of relationships with its major partners. An aggressive customer enrollment programme to increase our customer base to 8,000 touch points within three (3) years is also a key objective of the company. This process has already begun with the integration of its retail outlets‘ existing B2B customer base of over 3,000 customers.
A Few Stats
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BRANDS
Distributed islandwide, including Sun Powder Detergents, Nestle,
Blue Power, Delect, Golden Brand Margarine, Home Choice, Refresh Water, Woman’s Touch and Gentle.
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EXPERIENCED EMPLOYEES AND CONTRACTORS
in the areas of Sales, Merchandising, Marketing,
Operations, IT,HR, Retail and Finance, located across the island.
>50% dedicated throughout our Distribution Network.
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STRONG CUSTOMER / RELATIONSHIPS
islandwide. Partnership with retail arm – Sampars, to grow touch points to 8,000+ through various
RTM initiatives.
DEC 2021 VS DEC 2022
RECORD CONSOLIDATED REVENUE
J$18.420B
Consolidated Total Assets
J$15.372B
%
CONSOLIDATED GROSS PROFIT
J$4.639B
%
CONSOLIDATED PROFIT BEFORE TAX
J$726.046M
%
DEC 2021 VS DEC 2022
NET PROFIT AFTER TAX
J$448.183M
%
NET PROFIT BEFORE TAX
J$617.629M
%
Our Vision
Through God’s Guidance, to become a major company with world class performance standards, demonstrating the highest levels of integrity in all business practices and interactions with customers, suppliers, employees and the society at large.
Our Vision
Through God’s Guidance, to become a major company with world class performance standards, demonstrating the highest levels of integrity in all business practices and interactions with customers, suppliers, employees and the society at large.
