PROVEN Inks Stake In Roberts Manufacturing
Further to the announcement, of an agreement with Massy Properties (Barbados) Ltd., a company within the Massy Group, to purchase its 50.5% interest in Roberts Manufacturing Co. Limited (“Roberts”) in January 2021; PROVEN Investments Limited (PIL/PROVEN) is pleased to announce that the transaction is now complete with the requisite regulatory approvals.
The acquisition of the stake in Roberts, a leading manufacturer of animal nutrition, edible fats and oils in Barbados supplying diversified consumer goods to markets in the Caribbean, Central America, and the U.S.A.; represents for PROVEN a demonstrable success in delivering on one of its value levers for topline revenue growth and will also expand its business in the Real Sector.
As a pioneering Caribbean focused Private Equity and Real Estate investment company, PROVEN’s Private Equity business model is built on two key pillars – Financial Services and Real Sector. This posits well for diversification, business model resilience and stakeholder value and return.
Christopher Williams, Co-Founder and CEO PROVEN Management Limited, Investment Managers for PROVEN Investments Limited outlined what the acquisition meant as a crucial business strategy “Finalizing this purchase sets us on a path to realizing not only regional development and expansion in the real sector; but allows us to support a business that is critical for food security during and post the pandemic. Our bullishness on the economic outlook, particularly on the aftermath of the global pandemic remains; especially as countries move to vaccinations and a return to normalcy. We see tremendous opportunities for growth.”
Jason Sambrano, Managing Director of Roberts, said “PROVEN’s decision to invest in Roberts is a testament to the strength of Roberts and will enable the continued success and growth of the company as a leading food manufacturer within the region.”
ABOUT PROVEN Investments Limited (PIL)
PROVEN Investments Limited (PIL/PROVEN) is the Caribbean’s premier “Income & Growth Strategy” Investment Company, built on the solid reputation of providing investors with safe and consistent returns on their investments. The company’s main objective is to provide shareholders with consistent returns, through a diversified portfolio of regional and international investments spread across three main investment strategies. ❶ PROVEN’s core investments include a portfolio of banking and wealth management companies with operations throughout the Caribbean, mainly in Jamaica, Cayman, St. Lucia, Bermuda and the British Virgin Islands. ❷ PROVEN has also created additional value and diversification for its shareholders by identifying and securing private and publicly traded, equity and debt positions in well established companies throughout the region and internationally which have the potential for enhanced levels of growth and return over the short to medium term. ❸ PROVEN’s Real Estate investments span both residential and commercial developments and are complimented by the consistent returns from our portfolio of commercial rental properties.
PROVEN Subsidiaries & Associated Companies: BOSLIL Bank Limited in St. Lucia with rep offices in Panama and Uruguay; International Financial Planning (Cayman) Limited (IFP); PROVEN Wealth Limited (now merged with PROVEN Fund Management Limited); PROVEN Real Estate Investment Trust (PREIT); Access Financial Services Limited; JMMB Group Limited; Dream Entertainment Limited.
For more information, please visit http://www.weareproven.com
ABOUT Roberts Manufacturing Co. Limited (Roberts)
Roberts is a leading manufacturer of animal nutrition, edible fats and oils in Barbados supplying diversified consumer goods to markets in the Caribbean, Central America, and the U.S.A. Roberts Manufacturing Co. Limited.
We are a family at Roberts that care. We value the health and well-being of our employees, customers, partners, community and environment. We take it as our responsibility to offer you healthy products, at affordable prices.
For more information, please visit www.rmco.com