T&T Conglomerate Going After More Bajan Businesses

Nearly a year after losing a vicious bidding war to gain Banks Holdings Limited (BHL), Trinidadian conglomerate ANSA McAL is now eyeing two other companies in Barbados yet again as they hope to sell off 3 other former assets.

President And Chief Executive Officer of ANSA McAL Barbados Limited Nicholas Mouttet almost reluctantly bragged: "We are currently in negotiations right now to acquire two other Barbadian companies, which in itself represent significant investment again in Barbados."

President And Chief Executive Officer of ANSA McAL Barbados Limited Nicholas Mouttet almost reluctantly bragged: “We are currently in negotiations right now to acquire two other Barbadian companies, which in itself represent significant investment again in Barbados.”

While he declined to give details, if all legal i’s and t’s are crossed and dotted correctly, then those firms could be ANSA McAL Barbados’ by the end of October.

The ANSA McAL Group of Companies owns several operations and big brands in a range of sectors in Barbados, including automotive, distribution, financial services, retail and services. It is also involved in technology, manufacturing, media, beverage and real estate across its other markets.

The ANSA McAL Group of Companies owns several operations and big brands in a range of sectors in Barbados, including automotive, distribution, financial services, retail and services. It is also involved in technology, manufacturing, media, beverage and real estate across its other markets.

The group is made up of more than 60 companies across the region, employing nearly 1,000 people.

Mouttet said since its investment in Standard Distributors in Barbados about 55 years ago, ANSA McAL Barbados continues to invest heavily in this country.

“It is our second largest geography in terms of our investment in the region. It is extremely important to us and we continue to invest for decades,” Mouttet noted.

Pointing to the company's commitment to the island, Mouttet said while "times are hard" in Barbados and some companies had not been able to expand in recent times, ANSA McAL had been able to open three retail stores in the last 20 months.

Pointing to the company’s commitment to the island, Mouttet said while “times are hard” in Barbados and some companies had not been able to expand in recent times, ANSA McAL had been able to open three retail stores in the last 20 months.

He reaffirmed the commitment of the ANSA McAL Group of Companies to the local market, stating that the company would continue to seek out new investments and grow is footprint in Barbados.

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