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BHL and KOSCAB Announce Joint-Venture Company
September 12, 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.