Poultry company Jamaica Broilers Group has entered into an agreement to acquire Hamilton's Smoke House, a local producer and processor of smoked meats. The terms of the agreement have not been disclosed.
The acquisition is hoped to give the poultry company more-solid footing in the pork market and improve the range of products the group currently offers, said Ian Parsard, senior vice-president of operations and finance for Jamaica Broilers Group. "This move means a number of things, among them the coming together of two locally grown companies and brands which are known for exceptional quality products," Parsard told the Financial Gleaner.
The pending purchase of Hamilton's Smoke House is the second acquisition announced by Jamaica Broilers during the summer of 2013. The company, which has seven facilities in Jamaica and two in the U.S., is in the process of closing the purchase of a U.S. egg producer that has not yet been publicly identified.
Jamaica Broilers' products are marketed under the names Best Dressed Chicken and Hi-Pro.
Hamilton's Smoke House began operation in 2000 and produces 23 products under three lines: hams, sausages and deli meats. The products are supplied to grocery stores, quick-service restaurants, hotels and caterers.