Jamaica's Seprod Sells Butterkist and Snackables in $921M Deal

Jamaican conglomerate Seprod has sold the maker of Butterkist and Snackables, booking a handsome J$921 million gain in what analysts are calling the biggest corporate sale of 2026 in the region.

The divestment of International Biscuits reflects Seprod's strategic shift toward core operations, as the company looks to streamline its portfolio and focus on its main food production and distribution businesses. The sale price has raised eyebrows across Caribbean business circles, with many viewing it as a sign of strong investor confidence in the region's food manufacturing sector.

Butterkist, a beloved snack brand across the Caribbean, and Snackables, a popular line of convenience snacks, have both been staples in local markets for decades. Their sale marks the end of an era for Seprod's snack food division, but the company says it will continue to invest in its remaining brands.

The deal is expected to close within the next quarter, pending regulatory approvals. Terms of the sale beyond the headline figure have not been disclosed, but industry insiders suggest the buyer is a multinational food company looking to expand its Caribbean footprint.

This is Sharon Sahatoo for Global1 News, reporting from Couva, Trinidad. 🇹🇹