Business View Caribbean | May 2016
the Caribbean. The company has customers in Jamai- ca, Barbados, St. Kitts, Trinidad and Tobago, Guyana, Grenada, and Canada. It lists among its clients: J Wray & Nephew, Grace Canning, Pepsi-Cola Jamaica Bot- tling, Wisynco, Banks Barbados, Trinidad Distillers, St. Kitts Distillers, and DDL Guyana, for whom it supplies the raw material to produce carbonated, non-alcohol- ic and alcoholic beverages; baked goods; and soaps and other household cleaners. This past February, CFF entered the Caribbean’s largest market – the Domin- ican Republic – where it now supplies manufacturers with its products. In 2013, CFF went public and was listed on the ju- nior market of the Jamaica Stock Exchange. In 2014, the Derrimon Trading Company acquired a 49 percent stake in the company. Derrick Cotterell, the chairman and CEO of Derrimon, became a director of CFF, join- ing Managing Director, Anand James. In December 2015, revenue for the company was $192.4 million, up 34 percent compared to $143.5 million for the similar period in 2014. The company saw its net profit move from $47.39 million to $57.71 million year over year. In 2015, both Derrimon and CFF were recognized by Businesssuite Magazine as one of the Caribbean’s Top 100 companies – U.S. $ profit after taxes. PREFERRED VENDORS McKenley & Associates - www.wmckenley.com Sensient Colors Latin America - www.sensient.com
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