Spur Tree Spices Jamaica has acquired a 51 per cent stake in Canco Limited — more readily identified by its 'Linstead Market Jamaica' brand.

Albert Bailey, executive director and chief executive officer of Spur Tree, said: “The entire team at Spur Tree is very happy to be signing this agreement and coming into partnership with a very outstanding Caribbean company, Massy Distribution. We really look forward to achieving excellent results together.”

A dividend payment of $0.0175 per share was declared and will be paid on December 20, 202.