Citrus growers offered juicy deal

Published: Saturday | April 28, 2012 Comments 0
Peter McConnell, managing director of Trade Winds Citrus Limited, says the decision to continue the Juciful drink line is key to ensuring sustainability of the local industry.- Rudolph Brown/Photographer
Peter McConnell, managing director of Trade Winds Citrus Limited, says the decision to continue the Juciful drink line is key to ensuring sustainability of the local industry.- Rudolph Brown/Photographer

BOG WALK, St Catherine:

THE CITRUS Growers Association (CGA) on Thursday rejected an offer from a Trinidad-based company for the outright purchase of the Juciful brand, opting instead for a deal with local company Trade Winds Citrus Limited under which it will retain ownership of the brand. The deal included a guarantee of continued income generation by way of ongoing royalty payments.

Delegates attending an extraordinary meeting at the St Thomas-Ye-Vale Anglican Church in Bog Walk, St Catherine, were unanimous in rejecting the sale offer from S M Jaleel & Co.

However, Dr Percy Miller, technical director to the CGA, told The Gleaner that the matter was not yet a done deal.

"What it means is that the delegates have accepted and voted for the offer made by Trade Winds Citrus Limited in principle, subject to a subcommittee being put in place to clarify further details related to the offer to the satisfaction of the Citrus Growers Association," he explained.

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