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 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 …
Derrimon expands export portfolio with acquisition of Spicy Hill Farms Read More »
Derrimon Trading Company has acquired the business and assets of Spicy Hill Farms, a Trelawny-based business that deals in the manufacturing of dried agricultural products, soup and spice mixes. The new subsidiary will be the first food manufacturing company under the Derrimon group. “But it may not necessarily change the arrangement we have with existing …
Derrimon acquires its first food manufacturing business Read More »
Derrimon Trading has acquired 100 per cent ownership of Spicy Hill Farms. The announcement was made by the company in a statement to the Jamaica Stock Exchange. The Trelawny-based Spicy Hill Farms, an award-winning manufacturer of the authentic Jamaican Ram Goat Soup ‘Mannish Water’, was incorporated in 2006 by its founder, the late Brascoe Lee. …
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 …
Derrimon Trading reports 39% increase in revenue to J$5 billion for 2021 Read More »
Derrimon Trading Company is reporting that its online platform peaked at a growth rate of 300 per cent during the early stage of the coronavirus pandemic and stabilized into consistent growth thereafter. Chairman Derrick Cotterell said notwithstanding the challenges of the pandemic, Derrimon was able to achieve various successes, including new records in revenue and …
Derrimon reports revenues of $12.7 billion at year-end Read More »
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 …
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 …
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