BHL goes into Belize

Banks Holdings Ltd. (BHL) has made its way into Belize market with new investments in beverage manufacturers there by securing 46.58% ownership of the Citrus Products of Belize Ltd. (CPBL) for USD 32 million.

BHL CEO Richard Cozier described the Belize deal as a major boost for the Banks Holdings Ltd. group because Belize was the leading citrus grower and citrus concentrates processor in the Central American region and, so, the deal would provide guaranteed supply at a guaranteed cost for group’s Pine Hill Dairy (PHD) juices. Also, the deal would provide a launch pad for PHD products into Central America.

Mr. Cozier recently told that the worldwide demand for frozen juice concentrate is continuing to grow and prices are unlikely to fall.

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