GODDARD ENTERPRISES LIMITED ENTERS JOINT VENTURE PARTNERSHIP
Goddard Enterprises Limited (GEL) of Barbados and Agostini’s Limited (AL) of Trinidad are pleased to announce that they have agreed to the formation of a jointlyowned company, Caribbean Distribution Partners Limited (CDPL) which will be focused on the Fast Moving Consumer Goods (FMCG) sector. Both GEL and AL will transfer into CDPL all of the companies in their respective groups in the FMCG sector, in the countries noted below, with effect from July 1, 2015.
The companies to be transferred into CDPL are, from the Goddard Companies: Hanschell Inniss Limited in Barbados, Peter and Company Limited and Bryden and Partners Limited in Saint Lucia, Coreas Distribution Limited in St. Vincent, and Independence Agencies Limited in Grenada and from the Agostini Companies: Hand Arnold Trinidad Limited in Trinidad, Facey Trading Limited in Barbados, and Desinco Limited in Guyana.
CDPL will be 50/50 owned by the two groups and, based on an independent valuation by KPMG, AL will be required to pay GEL an undisclosed amount in order to acquire its 50% ownership. The CDPL companies will continue to operate in six regional markets with 2015 revenues of approximately US$230 million.
Both groups have a long and successful history in the FMCG distribution sector and see the formation of this joint venture as an opportunity to further improve the products and service to their customers, and to extend their distribution reach and marketing capabilities for their principals and proprietary brands.
“This exciting joint venture will expand GEL’s distribution into new important markets, Trinidad and Guyana in particular, improving the distribution of the products that both partners either manufacture or distribute”, said Anthony Ali, CEO of GEL.
“We at AL are very excited about this joint venture because it will allow us to further expand our horizons in the region, bring new products to our consumers and allow us to rapidly extend the distribution of our own brands,” stated CEO of AL, Anthony Agostini.
The rest of GEL remains unaffected as CDPL will be taking responsibility for the day-to-day running of the FMCG sector on the transition date. “All employee terms and conditions will remain the same when we transition our staff to this new company and, at this stage, we do not expect any major dislocation or changes to our employee complement”, explained Anthony Ali, CEO of GEL. “In fact, our employees will now be part of an even bigger entity and will be open to more opportunities for personal growth and development within the newly formed company”, he added.
GEL is a 94-year-old publicly traded conglomerate based in Barbados and AL is an 89-year-old Trinidad & Tobago publicly traded group in the distribution and services sector.
With the goal of achieving an environment free of vector-borne diseases such as dengue fever, chikungunya and leptospirosis, the Ministry of Health, Wellness, Human Services and Gender Relations has begun its vector awareness campaign 2015 following the success of its 2014 campaign. This was disclosed at a press conference held by the Ministry of Health on Thursday to sensitize the public via the media of effective vector management strategies with focus on vulnerable communities and population.
According to the Ministry, an integrated approach will take place this year with the incorporation of business houses and stakeholders who are invited to both promote and be a practitioner of behaviours conducive to achieving an environment free of vectors. “We are bringing in different stakeholders on board to work with us in achieving the goal. We don’t want it to remain government only; we want everybody to engage in this fight. At the end of the day it affects all of us. It’s not my problem, it’s not the government’s problem, it is the country’s issue. We all need to focus and contribute whichever way we can,” says Emerson Vitalis of the Ministry of Health.
According to the Ministry, the impact vector-borne diseases have is huge, affecting health, quality of life and causing economic loss for persons and industry, which are areas of concern.
Workplaces have been recognized as one of the priority settings for integrated vector management activities. The implementation of interventions at the workplace will take place to support efforts in improving the working environment, well-being of the workforce and, by extension, the community. Organizations will receive vector assessments via entomological surveillance. Management and staff will also receive training. Workplace interventions will take place June 8-19.
Reducing the mosquito population in communities, removing potential breeding areas for vectors, educating communities on mosquito and rodent control measures and sensitizing and empowering business organizations on vector management are the Ministry’s objective.
Observation of vector awareness will be from June 22-26 followed by the implementation of community interventions in July through to September which will include health education sessions, community mobilization cleanups, community modification, improvement of water storage containers, solid waste management, education on the control of vectors and competitions.
Throughout the programme there will be periodic evaluation of the interventions.
Health Officer Emerson Vitalis with Glenda EtienneCepal, Vector Control Manager at a news conference.