Jamaican Teas advised that they signed an agreement to purchase a property located at 2 Bell Road in Kingston. The property previously housed the operations of Beal Industries which manufactured Comet Matches, which closed some time ago.
The property will be used to house the manufacturing operations of Jamaican Teas as the current facility rented at Norman Road in Kingston is inadequate to meet the company’s growth.
The property is approximately 1.5 Acres and the building is 17,000 square feet. The company expects to move in later this year after the necessary renovations are completed.
The acquisition will be funded by a combination of internally generated funds and external funding.
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