GraceKennedy Limited is one of the Caribbean's largest conglomerates, with several diversified companies in the Caribbean, Europe and North America.
Group members
The group includes:
*
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Becau ...
and financial services
** First Global Bank Limited
** First Global Financial Services Limited
** FG Funds Management (Cayman) Limited
** First Global Trinidad & Tobago Limited (formerly One1 Financial Limited)
** Signia Financial Group Incorporated
*
Remittances
** GraceKennedy Remittance Services Limited
** GraceKennedy Remittance Services (United States) Incorporated
** GraceKennedy Remittance Services (Trinidad & Tobago) Limited
** GraceKennedy Remittance Services (Guyana) Limited
*
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
(life and general)
** Allied Insurance Brokers Limited
** GK General (Eastern Caribbean) Insurance Company Limited
** First Global Insurance Brokers Limited
** GK General Insurance Company Limited
** Trident Insurance Company Limited
* Manufacturing, retail and distribution
** Dairy Industries (Jamaica) Limited
** Grace Foods and Services Company
** GraceKennedy (Belize) Limited
** Grace Food Processors Limited
** Grace Food Processors (Canning) Limited
** GraceKennedy (United States) Incorporated
** Grace Foods International Limited
** National Processors Division
** World Brands Services Limited
** Hi-Lo Food Stores (Jamaica) Limited
** GK Foods (United Kingdom) Limited
** GraceKennedy (Ontario) Incorporated
** Hardware & Lumber Limited
* Strategic investments
** Peak Bottling Water
** Majesty Foods Meat Patties
History
One of the company's founders (Dr. John J. Grace) had worked for Grace Ltd, a wholly owned subsidiary of New York's
W. R. Grace and Company
W. R. Grace and Co. is an American chemical business based in Columbia, Maryland. It produces specialty chemicals and specialty materials in two divisions: Grace Catalysts Technologies, which makes catalysts and related products and technologies ...
. When, in 1922, W.R.Grace decided to divest the Jamaican subsidiary, Dr. Grace bought the company and, along with Fred Kennedy, a Jamaican, co-founded Grace, Kennedy and Company Limited. The company, which first operated as a small trading establishment, soon acquired wharfing facilities in order to facilitate its imports.
It has expanded and diversified over the years,
[ ] changing from a privately owned enterprise to a public company listed on the stock exchanges of Jamaica, Trinidad, Barbados and the Eastern Caribbean.
Today, the GraceKennedy Group comprises a varied network of some 60 subsidiaries and associated companies located across the Caribbean and in North and Central America
and the United Kingdom. Their operations span the food distribution, financial, insurance, remittance, hardware retailing and food-processing industries.
In 1995, GraceKennedy developed its 2020 Vision, the objective being to transform from a Jamaican trading company to a global consumer group by the year 2020. At the end of 2006 its market value stood at J$21 billion, up from $1.29 billion in 1995 - an increase of 1500%.
In March 2020, GraceKennedy acquired 65 percent of Key Insurance Company.
External links
* - Grace Kennedy Group
* - Grace Foods
The GraceKennedy Foundation at a GlanceGrace Caribbean Traditionsweb site.
References
{{DEFAULTSORT:GraceKennedy Limited
Companies based in Kingston, Jamaica
Jamaican brands