Pan Jamaica buys another juice company in Europe
Published:Friday | November 21, 2025 | 12:09 AMNeville Graham - Business Reporter
Pan Jamaica Group Limited has added another company to its portfolio, having acquired majority ownership of a juice business based in Copenhagen, Denmark.
The terms of the acquisition of Frankly Juice were not disclosed. Those details should emerge when the company produces its year-end financial report.
The purchase further boosts Pan Jam’s speciality foods division, which already brings in the majority of the conglomerate’s revenues from among its business streams, the others being property, financial services, and logistics or global services.
Pan Jam has taken a 64 per cent stake in the Scandinavian juice company, which manufactures organic, cold-pressed juices, further strengthening The Juicy Group, which is the name given to its speciality foods and drinks operations in Europe.
“This move gives us a foothold in markets with the highest purchasing power,” said Jeffrey Hall, CEO and vice chairman of Pan Jamaica. “We’ve done the acquisitions now; the work is to build on that platform,” he said.
The rest of the speciality foods operations in this region fall under The Caribbean Food Group.
Pan Jam announced the acquisition of Frankly Juice as it reported on its results for the September quarter. The deal happened after the close of the quarter.
Over nine months, January-September, the conglomerate reported 81 per cent growth in profit to $6.8 billion from $33 billion in revenue, third quarter earnings contributing $2.2 billion. Revenues for the quarter climbed 20 per cent to $11.8 billion.
In an interview with the Financial Gleaner, Hall described the fresh juice segment as “among the fastest-growing categories in Europe”, noting that Pan Jamaica now holds strong positions in the Netherlands, Belgium, and Nordic markets, with operations also in Germany, Spain and France.
The company operates four factories in Europe.
“We have a lot of confidence in the prospects for the fresh juice business within our speciality foods segment. The numbers support that confidence,” Hall said, pointing to a 102 per cent increase in segment profit speciality foods year-to-date.
That growth delivered $581 million of operating profit. Meanwhile, revenue for the division spiked nine per cent to $18.3 billion.
While the speciality foods division brings in the most revenue for the group, the other segments all contribute more to Pan Jamaica’s segment profit, with earnings before interest and taxes surging 64 per cent to $8.8 billion.
Financial services, anchored by a 30.2 per cent stake in Sagicor Group Jamaica, contributed $4 billion, up 101 per cent; global services, led by port and logistics company Kingston Wharves, earned $3.8 billion, reflecting a 32 per cent increase, driven by higher shipping volumes; and property and Infrastructure delivered $1.1 billion, up 46 per cent, buoyed by improved hotel and commercial property earnings.
Hall confirmed Pan Jamaica’s intent to pursue more acquisitions in the speciality foods space.
“We intend to do more. The fresh juice market is among the fastest-growing categories in advanced economies,” Hall said.
He also noted emphatically that Pan Jamaica’s Caribbean brands, including its rum cakes and tropical snacks, remain integral to the group’s portfolio.
“Our Caribbean assets are a hugely important part of our future. They complement our investments in Europe,” he said.