Jamaica Broilers Group is moving to divest part of its United States operations, announcing an agreement to sell assets at its Best Dressed Chicken processing plant in South Carolina.
It comes after it experienced serious financial difficulties with its American operations last year.
Jamaica Broilers Group originally acquired the assets in 2019 through its subsidiary, the Best Dressed Chicken Incorporated, following the purchase of Gentry's Poultry Company.
The decision to sell comes after a strategic review of its US operations, amid ongoing operational challenges and difficult market conditions in the broiler meat segment.
The move follows a turbulent period for the group's overseas business.
Last year, Jamaica Broilers disclosed significant accounting irregularities in its US operations, which led to a restatement of its financial results.
The company subsequently reported a net loss of $7.2 billion for the year ending May 2025, largely driven by losses in the US business.
Those losses were attributed to several factors, including improperly recorded invoices in prior periods, adverse weather conditions in the southern United States, and a sharp decline in chicken prices.
Jamaica Broilers says the divestment forms part of efforts to reposition its operations and improve overall performance.
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