Nicholas Brathwaite - Technology, Innovation and Entrepreneu
Founded in 1922 GRACE KENNEDY
SUPPLY CHAIN & EXPANSIONS
Starting with the acquisition of Standard Soaps in 1935, launch of myriad manufacturing units, acquiring Cecil de Cordova - Grace consolidated into a verticalized food company. In 90s, added Financial Services vertical
ANNUAL REVENUE $696M
Grace’s divesture from its parent company in NYC was due to recession & fnancial pressures of the parent. Grace Foods’ founders recognized the Jamaican company had potential & acquired it.
In ’95, GraceKennedy developed its 2020 Vision - to transform from a trading company to a global consumer group by 2020. By ’06, its market value touched J$21B (from J$1.3B in ’95) — 1500% increase
GRACE’S PATH TO A GLOBAL CONSUMER GROUP WAS OVER DECADES STARTING IN THE LATE 50S WITH SALES TO CANADA & GERMANY. GRACE’S PARTNERED WITH B. TERFLOTH FOR THE DEVELOPMENT OF THE "GRACE" BRAND OF FOODS, SELLING OVERSEAS INTERESTS IN ’77 AND RE-ACQUIRING THESE RIGHTS IN ’84.
INITIALLY TRADING & WHARF OPERATION
Started in Jamaica as a small trading establishment which soon acquired wharfng facilities in order to facilitate its imports.
1. Grace Kennedy SOURCE(S):
Made with FlippingBook Learn more on our blog