Barbadian Distribution companies to merge operations per directive from Trinidadian Headquarters
ANSA McAL Barbados Ltd. has decided to merge the operations of its three distribution entities, Brydens Distribution, Stokes & Bynoe and A&R Tempro (1986) Ltd.
The new entity will be called Brydens & Stokes Ltd. and will maintain the business of the three companies under one subsidiary and one brand.
The purpose of this move is to ensure maximisation of the synergies and core competencies within the three distribution companies by forming one dynamic distribution corporation. This new entity will ensure future growth and sustainability and will be better positioned to serve customers in generally difficult times.
President and CEO Nicholas Mouttet said “We started this consolidation since 2006, when we merged two of our distribution companies moving from five to four after we took over the operations of the Brydens group. This process continued over a number of years and in 2010 we began merging Brydens Barbarees into Brydens Distribution and again in 2011 when we began merging aspects of A&R Tempro into the same organisation. Then, in 2012 we merged the Pharmaceutical Divisions of Brydens Distribution and Stokes & Bynoe with little disruption of staff. This latest action is simply a natural progression and completion of a process begun over six years ago.
“We are not closing any of our businesses. In fact, our overall plan is to eventually expand and develop a superior organisation but it is time to restructure and properly utilise the synergies which we have within the group, improve efficiencies and make better use of our resources. These decisions we are making now will ensure future job security. As a further sign of our commitment to growth, we will be immediately increasing our sales and marketing force in the new company, Brydens & Stokes Ltd.,” he added.
The President/CEO announced that the new organisation will be headed by Andrew Lewis who has extensive experience in the distribution industry and has been with the group for over twenty-five (25) years the last eight (8) serving as Chief Executive Officer of Brydens Distribution.
Mr. Mouttet also stated that unfortunately, one of the unavoidable consequences of such a restructuring is that there may be some job losses in the consolidation process but the Company was working to minimise this wherever possible by placing persons in other areas of the new company, especially as there are likely to be new posts created within the new organisation.
Over the last few years, ANSA McAL Ltd. has invested over $140 million in the Barbados economy. The recent acquisition of Trimart Supermarkets which saved 250 jobs and more recently the purchase of Standard with a staff of around 70 employees is a clear indication of the Group’s expansion in Barbados.
The Company remains a vibrant enterprise committed to Barbados and the well being of all Barbadians.