Kintyre Holdings seals $40m equity deal to expand BOLD chemical and water bottling operations

KINGSTON, Jamaica — Kintyre Holdings Limited has closed a strategic purchase worth in excess of $40 million, taking ownership of a chemical manufacturing facility, a five-gallon water bottling operation, and a white-label contract for chemical production. The company disclosed the arrangement in a release issued on Thursday, describing the deal as an all-equity arrangement and a further step in the swift growth of its manufacturing arm, BOLD Manufacturing & Distribution.

Kintyre said the transaction should begin contributing to revenue at once while bolstering operational strength and prospects for sustained earnings over time. The chemical plant, it added, is already producing income and will help supply chemicals distributed through Miracle Corporation, with further partnership arrangements being pursued in selected markets.

The package also brings a five-gallon water bottling site fitted with an integrated purification system, widening BOLD Manufacturing’s reach in Jamaica’s expanding water supply sector. These moves follow an earlier purchase of a fully automated bottling plant that handles 500ml, 750ml, and one-litre water products from production through packaging.

That earlier facility is expected to underpin monthly output in 500ml bottled water valued at more than $75 million, helping to establish BOLD Manufacturing as a growing player in Jamaica’s manufacturing and consumer goods landscape.

According to the company, bringing these assets in-house has trimmed direct production costs by enabling BOLD to run a vertically integrated manufacturing model, with gains in efficiency, scale, and tighter control over its product lines.

Adrian Smith, Deputy Chief Executive Officer and Chief Investment Officer at Kintyre Holdings Limited and head of BOLD Manufacturing & Distribution, commented on the deal: “BOLD has already begun earning revenue, with our products actively being distributed and placed on shelves across the market. We remain extremely bullish on expanding our manufacturing capabilities and delivering high-quality products to consumers while building a scalable and sustainable operation. These acquisitions position us to lower operating costs, strengthen our supply chain and accelerate our long-term growth strategy.”

Smith also stressed that management is concentrating on tangible, income-producing holdings that can support shareholder returns while growing Jamaica’s industrial base.

Donovan White, a Director at Kintyre Holdings Limited, echoed support for the manufacturing push, stating: “The Board of Kintyre Holdings is very satisfied with the direction the company is headed in, and BOLD Manufacturing is meeting the targets that were presented to the board of directors last year. We continue to support and advise the leadership team of Kintyre as the company builds out a diversified investment holding company with strong growth potential.”

Kintyre Holdings said work continues on standing up its wider manufacturing platform and that outlook for the division remains positive as income from the unit builds. The group described the investments as part of a longer-term plan to assemble a varied portfolio of strong-performing businesses spanning manufacturing, consumer products, and industrial activity.