PJAM/JP Acquisition


Pan Jamaican Investment Trust Limited and Jamaica Producers Group Limited have announced their investment to acquire the business and assets of Mavis Bank Coffee Factory Limited (“MBL”) with effect from October 18, 2011. MBL is controlled by the Development Bank of Jamaica. The new joint venture company will trade as Mavis Bank Coffee Factory (“MBCF”). MBCF is a producer and exporter of Jamaica Blue Mountain Coffee and is the owner of the Jablum brand of Jamaica Blue Mountain Coffee.