Brydens Group invests US$25m for new warehouse

AS Brydens and Sons Holdings has signed off on a US$25 million investment for a new warehouse in Central Trinidad – construction will begin in September – following its recent acquisition by Jamaican-based distribution service Seprod Ltd last May.

CEO of Seprod Ltd and AS Brydens and Sons Holdings Richard Pandohie said this while speaking to Newsday at the Trade and Investment Conference (TIC) on Thursday.

“This will start the consolidation of essentially a logistics and distribution hub for the region,” he said.

Pandohie added this is just one of the plans he is able to share, but hinted that the company is working on new projects.

As for expansion, he said, “Brydens has been predominantly in the distribution space, but has a little bit of experience in the manufacturing and pharmaceutical space. Our intention is to bring the strength of our manufacturing base here.”

Pandohie said TT is a great place for manufacturing with low energy costs and people well-versed in this field.

“When you take a look across the region, this is not abnormal as you see Massy and Agostini making acquisitions… the fact is, the region is going to have significant consolidation. We talk about Caricom 50, but that can’t actualise unless the private sector leads an agenda by going across in the different regions and making it one Caribbean.”

Pandohie said Brydens’ presence at TIC is to bring awareness to what the brand has to offer, especially with its new acquisition following the company's 100th anniversary.