PROVEN Investments Limited (PROVEN) has advised that it has acquired 50.5% interest in Roberts Manufacturing Co. Limited (“Roberts”) from Massy Properties (Barbados) Ltd.
“The acquisition of the stake in Roberts, a leading manufacturer of animal nutrition, edible fats and oils in Barbados supplying diversified consumer goods to markets in the Caribbean, Central America, and the U.S.A.; represents for PROVEN a demonstrable success in delivering on one of its value levers for topline revenue growth and will also expand its business in the Real Sector.
“As a pioneering Caribbean focused Private Equity and Real Estate investment company, PROVEN’s Private Equity business model is built on two key pillars – Financial Services and Real Sector. This posits well for diversification, business model resilience and stakeholder value and return,” stated PROVEN.
