Lasco Jamaica Limited

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Lasco Group of Companies of Jamaica Limited is a food, financial, household and personal care and pharmaceutical company based in Kingston, Jamaica. It was founded in 1988 by the Honourable Lascelles Chin[1]

In 2004, the company established a factory in Plymouth, England to manufacture products for the West Indian community in the United Kingdom, but less than two years later withdrew from manufacturing in the United Kingdom.[2]

After lengthy litigation, Chin's ex-wife Audrey, a chartered accountant, was awarded half the 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.[3]

In 2006, Lasco, which sells imported milk powder in Jamaica, unsuccessfully opposed the Jamaican government's proposal to create a Dairy Development Board.[4]

The company financially supports a number of prizes awarded in Jamaica, such as "Pharmacist of the Year" and "Salute to Teachers"

It formerly distributed Johnson & Johnson products in Jamaica, but lost the distributorship to another company in 2008.[5]

Contents

[edit] Company structure

The company is divided into the following divisions.

[edit] Food Successors Division (formerly Versatile Packaging Limited)

  • Lasco soy Food Drink Mixes (vanilla, chocolate, peanut, cookies, carrot, banana)
  • Lasoy milk free
  • Lasco Reddimilk and Whole Milk
  • Cereals
  • Canned Food
  • Soy Protein Isolate. The products are exported to the US and Canada, UK, Caribbean and Central and South America.

[edit] Financial Services

  • Lasco MoneyGram (money transfer service), agent for MoneyGram
  • Lasco Cambio (foreign exchange dealer)

[edit] Pharmaceuticals

  • Lasco Vitamins
  • Lasmed Brand drugs for HIV and diabetes

[edit] Household Products

  • Detergents
  • Cleaning Products

[edit] Personal Products

  • Lasco Deodorant
  • Lasco Toothpaste
  • Lasco Soap

[edit] References

  1. ^ Ellington, Barbara. "The Monday Interview: Lascelles Chin - Brand domination at its best", Jamaica Gleaner, Monday, May 22, 2006. Retrieved on 2008-04-22. 
  2. ^ "Lasco quits UK manufacturing", Jamaica Observer, Wednesday, April 26, 2006. Retrieved on 2008-04-22. 
  3. ^ Gayle, Barbara. "Audrey gets half - Privy Council says shares in Lasco to be divided equally", Jamaica Gleaner, October 25, 2007. Retrieved on 2008-04-22. 
  4. ^ Rose, Dionne. "Gov't defends position to revive dairy industry", Jamaica Gleaner, Saturday, March 18, 2006. Retrieved on 2008-04-22. 
  5. ^ Richardson, Julian. "'07 Business Leader takes over Johnson & Johnson distributorship", Jamaica Observer, p. Wednesday, April 09, 2008. Retrieved on 2008-04-22. 

[edit] External links

 This Jamaica-related article is a stub. You can help Wikipedia by expanding it.

Las Chin - from Rural to Global by Jean Lowrie-Chin http://lowrie-chin.blogspot.com/2008/06/las-chin-from-rural-to-global.html