Seprod Limited has sold International Biscuits Limited (IBL), the maker of Butterkist and Snackables, in a move CEO Richard Pandohie described as a...
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Maroc - JAMAICA-GLEANER.COM - Business Stories - 04/Mar 05:07
Seprod sells Butterkist biscuit maker IBC
Seprod Limited has sold International Biscuits Limited (IBL), the maker of Butterkist and Snackables, in a move CEO Richard Pandohie described as a deliberate step to simplify the group’s footprint, reduce channel conflict, and accelerate deleveraging after a period of regional expansion. “This transaction represents a deliberate and strategic step in aligning our portfolio with our long-term growth priorities. We are sharpening our operational focus [and] strengthening our balance sheet,” Pandohie said, echoing the company’s formal statement.
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