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Derrimon completes New York deals for US$8.9 million


Derrimon Trading chairman and CEO Derrick Cotterell.
Derrimon Trading Company Limited (DTL) has completed the transaction to acquire control of two New York-based food companies for US$8.9 million. 
The company, in a notice via the Jamaica Stock Exchange (JSE) said it completed the transaction as a going concern on the terms set out in its announcement on January 8, 2021.
Derrimon has also advised that as of March 5, 2021, it redeemed all of its nine per cent cumulative redeemable preference shares due in 2021. To this end, it has applied to have the preference shares delisted from the JSE.
In January 2021, Derrimon Trading entered into the definitive agreement to acquire control of the Brooklyn-based operations of FoodSaver New York, Inc. (FoodSaver NY), a wholesale food distributor and Good Food For Less, LLC (Good Food NY), a speciality supermarket.  ....

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Derrimon describes its 2020 financial performance as 'stable'


Derrimon Trading says 2020 was a stable year for the company despite the challenges presented by the coronavirus (COVID-19) pandemic. 
In comments attached to the company’s annual financial statements, Derrimon’s chairman, Derrick Cotterell, stated that the group experienced an increase in both revenue and profitability from its subsidiaries Woodcats and Caribbean Flavours and Fragrances in addition to several portfolios within the distribution segment. 
“The consolidated group and the company’s financial performance were stable during this reporting period” he stated.
Listed on the Junior Market of the Jamaica Stock Exchange, Derrimon Trading is a distributor of dry and frozen bulk commodities.  ....

Derrick Cotterell , Junior Market Of The Jamaica Stock Exchange , Fragrances Limited , Woodcats International , Derrimon Trading , Caribbean Flavours , Junior Market , Jamaica Stock Exchange , Select Grocers Supermarket , Sampars Cash , ஜூனியர் சந்தை ஆஃப் தி ஜமைக்கா ஸ்டாக் பரிமாற்றம் , வாசனை திரவியங்கள் வரையறுக்கப்பட்டவை , கரீபியன் சுவைகள் , ஜூனியர் சந்தை , ஜமைக்கா ஸ்டாக் பரிமாற்றம் , தேர்ந்தெடுக்கவும் மளிகைக்கடைக்காரர்கள் பல்பொருள் அங்காடி ,