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BHL and KOSCAB Announce Joint-Venture Company
November 1, 2019
In June 2018, Banks Holdings Limited (“BHL”) officially transferred ownership of the Barbados Bottling Co. Ltd. (“BBC”) to Coca-Cola Southern Caribbean (“KOSCAB”). At that time, both entities agreed to establish a new company to act as a sustainable logistics hub for BHL and KOSCAB.
Today, BHL and KOSCAB are pleased to announce a joint venture partnership, Delivery and Handling Services (Barbados) Ltd. (“D&H Services Ltd.”) to officially launch on November 1, 2019.
The new entity, which is a 50/50 joint venture between BHL and CC1 Delivery Services Holdings Ltd. (an affiliate of Caribbean Bottlers Ltd. and shareholder of KOSCAB), enhances the business focus of top-line growth and value creation for both companies and strengthens operational efficiencies. D&H Services Ltd. will solely manage the product delivery and handling services for BHL, BBC and their affiliates. As a result, Banks Distribution Limited (“BDL”), will no longer operate as an employing entity but remain a private legal entity under the BHL Group of Companies.
Through the establishment of D&H Services Ltd., both companies will be better equipped to accelerate growth and be more responsive to consumers and customers.
In a joint statement, Andre Thomas, General Manager, KOSCAB and José Infante, Country Manager, BHL noted that the joint venture will significantly improve the quality of service available to customers. “The creation of D&H Services Ltd. brings together two titans in the beverage industry and preserves the largest and most successful distribution network in Barbados. Our companies have a long history of excellence in the beverage industry. The joint-venture introduces an improved, more strategic business model, allowing us to increase productivity, reduce inefficiencies and eventually expand our workforce in a more effective environment.”
Official logo of Delivery and Handling Services (Barbados) Ltd.