One of the longest-serving names in UK shipping is set to disappear, as Geest Line yesterday announced it would be acquired by the world’s largest reefer shipping operator, Seatrade, in a 50:50 JV with Jamaican food specialist Jamaica Producers (JP).
The purchase sum was undisclosed, but in a filing to the Jamaica Stock Exchange, JP CEO Jeffrey Hall suggested the deal was part of its vertical integration strategy.
“This acquisition is a …
The post Seatrade and Jamaica Producers in joint-venture...
https://theloadstar.com/seatrade-and-jamaica-producers-in-joint-venture-to-take-over-geest-line/