Nestlé Jamaica to divest local dairy business to focus on international brands
Yesterday, Nestle Jamaica announced the signing of a strategic agreement with Musson International Dairies to sell its locally manufactured dairy business.
Musson International Dairies is a subsidiary of the Musson Group of Companies, a leading food company in the Caribbean.
The sale includes Nestlé's Supligen milk drink and Betty condensed milk brands, as well as the manufacturing and distribution facilities at its Bybrook plant.
Nestlé Jamaica will also phase out its Milo repackaging operations at Bybrook.
It expects to complete this move by the end of the year as it moves into a "full importation model" for Milo.
Going forward, Nestle Jamaica plans to focus on the marketing, sales and distribution of its international brands, including Milo, Maggi, Nescafe, Newfruty, Coffee-Mate, Nestum, Cerelac, Klim, Carnation and Gloria.
