The proposed investment consists of a financing package equivalent to US$5 million to Caribbean Bottling Company (“CBC” or the “Company”), a bottling company headquartered in Croix Des Bouquets, Haiti. CBC is one of the leading manufacturers and distributors of (i) water and related products, (ii) juice beverages under the brand “Frooty”, and (iii) iced tea under the brand “Brizz”.
The project consists of investments to expand the Company’s bottling and warehousing capacity and incremental working capital needs. The Project will also be supported by the IDA18 IFC-MIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict affected states, such as Haiti.
The Barrau family, Jacques Villejoint and Jean Phillippe Dufort own an aggregate shareholding interest of 73% in the Company, with the balance being owned by minority shareholders
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