Jamaica Producers and Pan Jam Announce Sale of Mavis Bank Coffee Factory Ltd

Jamaica Producers Group Limited (JP) has announced that it has entered into an agreement to transfer its shares in Mavis Bank Coffee Factory Limited (Mavis Bank) to Specialty Coffee Investments Company Limited (SCI). SCI is acquiring the shares in Mavis Bank from both JP Tropical Group Limited, a subsidiary of JP, and Scotts Preserves Limited, a subsidiary of Pan Jamaican Investment Trust Limited, who each own fifty percent of the company.

At the same time, Pan Jamaican Investment Trust Limited (PJAM) has announced that its subsidiary Scotts Preserves Limited (Scotts) has entered into an agreement to transfer its shares in Mavis Bank Coffee Factory Limited (Mavis Bank) to Specialty Coffee Investments Company Limited (SCI). SCI is acquiring the shares in Mavis Bank from both Scotts and Jamaica Producers Group Limited, who each own fifty percent of the company.