Jamaican companies, Norbrook Equity Partners and Pan Jamaica Group, today (June 6) announced the successful sale of Grupo Alaska S.A., a leading producer of ice and bottled water products in the Dominican Republic.  

Grupo Alaska has manufacturing and distribution operations in Santo Domingo and Punta Cana and employs more than 300 persons. The company has been sold to Diesco Industries Limited, an international group with a regional focus on the business of bottled water.  

Norbrook Equity and Pan Jam announced in 2021 that they would be partnering on select acquisition opportunities in Spanish language markets. Both firms have developed a track record of successful transactions in other markets.  

Commenting on the deal executive chairman or Norbrook Equity, Khary Robinson contended that, “We were pleased to be able to work with PJG to acquire Alaska at an attractive valuation, install a strong management team, grow the business, improve its margins and brand health and secure a successful exit.”

For his part, Pan Jamaica Group CEO and executive vice chairman, Jeffrey Hall stated, “The acquisition of the Grupo Alaska manufacturing business, achieved all of the strategic objectives set by our Specialty Foods Division.  We set out, alongside NEP, to deliver shareholder value by tapping into the consumer markets of the Spanish-language Caribbean through acquisition.  By every measure, we succeeded.”