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 and bacon. The company is also involved in the distribution of foods, liquor and equipment for the hospitality and food service segments, serving the tourist sector.
Transaction details for the Arosa deal were not disclosed. Group CEO and chairman at Derrimon Trading Derrick Cotterell, at the signing in Kingston, said that the deal will give Derrimon Trading full ownership of the manufacturing and meat processing company.
“Today Derrimon Trading is taking over the baton from Robert, he will still be with the company for many more years, teaching us the business,” Cotterell said. The acquisition will see former commercial manager at Derrimon Trading, Stewart Jacobs, appointed as the new Arosa general manager.