Jamaica Broilers Group (JBG) has announced it has acquired a feed mill in Georgia for an undisclosed sum.
Jamaica Broilers has closed a deal with Wincorp Properties, a subsidiary of Crystal Farm Mills, to take over the feed unit, Loop News reported.
The company has already bought two other feed mills in Iowa and Pennsylvania as part of its expansion strategy.
According to Loop News, the company has been growing its operations in all of the three markets where it is present, Jamaica, the US and Haiti.
Group Senior Vice President – Finance & Corporate Planning, Ian Parsard, told Loop News that the company expects a growth of 15% based on the new acquisition.
