CARIBBEAN Flavours and Fragrances (CFF) plans to raise additional capital and expand its operations, both locally and overseas. The company, in what its managing director Anand James described as a "serious step" towards this, signed Mayberry Investments Limited (MIL) as its financial advisor.
"We are very pleased to represent yet another manufacturer/distributor as financial advisors and we believe that an opportunity to guide a company through the process of raising equity contributes significantly to the growth of this economy," said Mayberry's senior vice-president of corporate finance, research and special projects Tania Waldron-Gooden.
Based in Kingston, CFF makes and distributes over 25 flavours and water soluble colours for the food, beverage, baking, confectionery and pharmaceutical industries, and supplies Caribbean food and beverage manufacturers, in Jamaica, Trinidad and Tobago, Grenada, Barbados, St Kitts, Guyana, USA and Canada, including J Wray & Nephew, Grace Canning, Pepsi Cola Jamaica Bottling, Wisynco, Nestle JMP, Banks distillers in Barbados, Trinidad and St. Kitts, as well as DDL Guyana.
It also manufactures and supplies fragrances for household cleaning, body care, aroma therapy and air re-freshener industries. The company sources essential oils and natural extracts primarily from International Flavours and Fragrances in Mexico and also from other parts of the world including the United States of America, United Kingdom and Holland.
CFF has been in business since October 2001, and was previously owned and operated by Bush Boake Allen (Jamaica) Ltd. The company, which has 12 permanent employees, says it is profitable with positive cash flows and is committed to the art and the science of concept development coupled with global trend analysis, designed to create a partnership of innovation with their customers. To that end, the company is now also working towards its ISO 22000 certification.