Archives: News

Derrimon closing in on another foreign acquisition

Derrimon Trading Group is now undertaking due diligence on a foreign company it was eyeing three months ago for possible acquisition. Its talks continue with the United States-based retail and distribution company, but Chief Financial Officer Ian…

Derrimon expands export portfolio with acquisition of Spicy Hill Farms

Derrimon Trading Company Limited, a local distributor of consumer goods, has acquired 100 per cent ownership of the Spicy Hill Farms brand. Based in Trelawny, Spicy Hill Farms manufacturers a range of seasonings, including the Jamaican Ram Goat Soup “Mannish Water”; Ram Goat Soup “Mannish Water”; Ram-It-Up “Curry Goat Booster”; Granulated Scotch Bonnet Pepper and …

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Derrimon Trading reports 39% increase in revenue to J$5 billion for 2021

Jamaican-listed distributor Derrimon Trading Company Limited recorded noteworthy growth for the year ended December 31, 2021, despite some of the negative economic challenges and the lingering effects of the coronavirus (COVID-19) pandemic affecting overall logistics and supply chain issues. The 12-month results for Derrimon Trading Company Limited registered consolidated revenue of J$17.744 billion, a 39 …

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Derrimon maintains growth

DESPITE having to navigate the hostile operating environment, Derrimon Trading Limited (DTL) said it continues to deliver consistent growth as it also increases value for shareholders. The food distribution company unscathed by the negative economic environment birthed by the challenges of the novel coronavirus pandemic or from continued supply chain disruptions, for its financial year …

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Ready for growth

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],” …

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The Derrimon story

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, …

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Derrimon bags another food company

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 …

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