Business
JAM | Mar 21, 2023

JFP expands to T&T through strategic partnership

/ Our Today

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Partnership with Total Office mutually beneficial to both parties

Durrant Pate/Contributor

Jamaican contract manufacturing company, JFP Limited has expanded to Trinidad and Tobago.

This expansion has taken the form of a strategic partnership with T&T firm, Total Office of Laventille, Trinidad. The two partners intend to explore and capitalise on the economies of scale that will emerge from this partnership.

The partnership will facilitate the diversification of the companies’ activities by creating a distribution chain for JFP and a manufacturing arm for Total Office, which is a commercial office products dealership offering the full range of Steelcase products, including Healthcare, Education and Technology products.

JFP, which went public last year through a successful $280-million initial public offer of shares, which was heavily oversubscribed has seen the profitable export market as a source of additional revenue for its custom-designed décor. 

More regional push

While continuing to supply Jamaica’s growing hotel, casual dining, and business processing outsourcing (BPO) sectors, JFP sees a push into regional exports as the next major source of expansion for the company.

Chief Executive Officer Metry Seaga explained last year that the company “will explore creating agent agreements in more lucrative markets throughout the USA, CARICOM, and South/Central American markets in the short term…”.

Metry Seaga, CEO of JFP.

Said Seaga: “We are proud to be recognised as one of the largest contract manufacturers in the Caribbean. We already have a robust export business within the region and an impressive client base, but we believe there is significant growth potential in regional markets, and we want to seize the opportunity now.”

JFP has filled overseas contracts for St Lucia Coconut Bay, various properties in Canada, and Prestige Holdings Ltd (Trinidad) – operators of KFC, Pizza Hut, and TGIF. The company also supplies major brands operating locally such as Sandals, Spanish Court, Marriott, Digicel, RJR, Restaurants of Jamaica, and Starbucks.

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