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Island Ice & Beverage Company Ltd
Island Ice & Beverage Company Limited (IIBC) manufactures and distributes packaged ice in the Caribbean. Through retail and wholesale channels, IIBC supplies over 750 locations in Jamaica. IIBC operates industrial manufacturing facilities in Kingston, and Montego Bay, Jamaica which it supplies a diversified group of customers including hotels, supermarkets, gas stations, pharmacies, agro-processors, night clubs, sporting facilities and the maritime industry. Blue Equity consolidated the two leading companies servicing the market to achieve synergies and expand the business into new regions of the Caribbean by organic growth and/or additional acquisitions.
Highlights
- Additional capital realized from the consolidation was reinvested in production & distribution capacity
- Increased revenues and distribution has allowed for additional horizontal and vertical acquisitions
- Future plans for additional Caribbean expansion