Jamaican conglomerate GraceKennedy has signed an agreement to acquire Fonterra’s shareholding in the equally split joint venture Dairy Industries (Jamaica). GraceKennedy Group, which operates in food and financial services, declined to disclose the terms of the deal with Just Food as it confirmed the business will now have full ownership of Dairy Industries (Jamaica). New Zealand-headquartered dairy giant Fonterra announced in May 2024 that it planned to quit the consumer-facing parts of the business to ...