The company that took over the management of the Jamaica Flour (JF) Mills depot is a member of the Neal and Massy group, the Financial Gleaner has learned.
NM Marketing & Distribution Company, which now operates the JF Mills depot at Spanish Town Road, Kingston, says it is looking to expand the range of products almost immediately.
Following what the company describes as its "quasi" entry into retail operations, the Neal and Massy subsidiary plans to "become more of a full-service baking needs supplier to the trade in the near future," said Richard Barrow, chief executive officer of the distribution entity's parent company, NMH Trading and Distribution (Jamaica) Limited.
"We certainly will be expanding the product portfolio in months to come. There may be some additional products along the commodity and baking areas that we would make available as the year progresses," Barrow said.
No plans to increase outlets
The pharmaceutical and consumer goods distributor, however, has no immediate plans to increase the number of outlets.
"We want to be able to continue supplying customers with the same range of products they are used to, and in the near future there may be additional products that we will make available at that facility, but this has not been decided on yet," said Barrow.
JFM's search for a retail partner was "an opportunity we saw to extend not only into retail but also the bulk products, since we are heading to the retail trade," he said.
JFM outsourced its retail operations at the end of November, saying it wanted to refocus on its manufacturing functions.
The JF Mills depot sells all the products manufactured by the company, including pancake and festival mixes, flour and rice, in addition to other baking items.
Jamaica Flour Mills is a subsidiary of the Archer Daniels Midland group.
Neal and Massy Holdings is a Trinidad company, with several businesses in Jamaica spanning various sectors.