Jamaica Producers Group has acquired Europe based "The Juicy Group NV" and HPP Belgium NV.
The deal was concluded on Tuesday.
With this acquisition, JP has strengthened its position in the European market for freshly squeezed juices and smoothies.
It already had a strong market presence in the fresh juices market in Europe, as the owner of A.L. Hoogesteger Fresh Specialist in the Netherlands and as the major shareholder of Co Beverage Lab in Spain.
The assets in this deal will be transferred to the Pan Jamaica Group as part of the amalgamation agreement between PanJam Investment Limited and JP.
The amalgamation is on schedule for completion in the second quarter of 2023.
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