Food importer and distributor Everything Fresh Limited plans to approach the stock market for equity capital to expand, saying a vibrant tourism market has driven up demand for its products.
The company plans to invest in warehousing and storage as it contemplates a potential rise in business, but is holding projections close to the vest to avoid breaching regulatory rules.
Managing Director Courtney Pullen says he is not looking to add a lot of square footage at the plant, based at Marcus Garvey Drive in Kingston, because his business model is built on the delivery of fresh produce and quick turnaround of inventory.
“My concept is quick in, quick out. My meats come in every single month, my produce come in every week, my delicate dairy comes in every two weeks in and out; quick turn,” he told the Financial Gleaner.
“It’s not so much expansion plans for us, but rather that the market is expanding rapidly. And the question is, can we keep up with that expansion,” he said.
Company chairman Gregory Pullen declined to comment on the current size of the operation, but said Everything Fresh has been delivering solid year-on-year growth for some time.
“We have grown every single year since we commenced operation,” the chairman said.
“We’re always making improvements to the plant. Nothing about the plant is static, has ever been static, or will ever be static, which is why we’re considering going public,” he said. Gregory and Courtney are brothers.
Published in the Jamaica Gleaner
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