Lasco Jamaica
LASCO Affiliated Companies (formerly referred to as LASCO Group of Companies) comprises LASCO Manufacturing Limited, LASCO Financial Services Ltd, and LASCO Distributors Limited (LASD, LASM, LASF). LASCO Distributors Limited, their first Company was founded by Hon. Lascelles Chin in September 1988. LASCO Manufacturing and LASCO Financial Services were founded in 1994 and 2004 respectively. All three companies got a public listing in the Jamaica Stock Exchange (JSE) on October 12, 2010.
History
In 2004, the company started a factory in Plymouth, England in order to manufacture products for the West Indian community in the United Kingdom that they withdrew within two years.[1]
After lengthy litigation, Chin's ex-wife Audrey, a chartered accountant, was awarded 50% shares in the company. The marriage ended in 1994, but the ruling by the Judicial Committee of the Privy Council was not issued until October 2007.[2]
In 2006, Lasco, which sells imported milk powder in Jamaica, unsuccessfully opposed the Jamaican Government's proposal to create a Dairy Development Board.[3]
Until 2008 they were the Official Distributors forJohnson & Johnson products in Jamaica; the distributorship to another company in 2008.[4]
Company's structure
LASCO comprises following companies
LASCO Manufacturing Limited
- LASCO Food Drink
- LASCO LaSoy Lactose-free
- LASCO Whole Milk
- LASCO Skimmed Milk
- iCool water, flavoured water and juice drinks
- LASCO MilkySoy
LASCO Distributors Limited
- LASMED
- LASCO Food Drink
- Lasoy Lactose Free
- Milky Soy
- Cereals
- iCool
- LASCO Mixed vegetables
- BabyYum
- Curves
Lasco Financial Service Limited
- Lasco MoneyGram (money transfer service), agent for MoneyGram
Pharmaceuticals
- Lasco Vitamins,
- Lasmed brand drugs for HIV and Diabetes,
- Authorized Representative and Distribution for many pharmaceutical houses around the world.
Consumer products
- Edibles: team vegetables, corned beef, sauces, juices, breakfast cereals, crackers, pastas
- Cleaning products: detergents, disinfectants
- Personal care: deodorants, toothpastes, soaps, baby / and adult diapers
Lasco Barbados
- Distribution of pharmaceuticals, edibles and personal care products
- Representative of pharmaceutical houses
References
- ↑ "Lasco quits UK manufacturing". Jamaica Observer. April 26, 2006. Retrieved 2008-04-22.
- ↑ Gayle, Barbara (October 25, 2007). "Audrey gets half - Privy Council says shares in Lasco to be divided equally". Jamaica Gleaner. Retrieved 2008-04-22.
- ↑ Rose, Dionne (March 18, 2006). "Gov't defends position to revive dairy industry". Jamaica Gleaner. Retrieved 2008-04-22.
- ↑ Richardson, Julian (April 9, 2008). "'07 Business Leader takes over Johnson & Johnson distributorship". Jamaica Observer. Archived from the original on 2008-04-13. Retrieved 2008-04-22.