Citrus growers offered juicy deal
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.