Lasco Jamaica

LASCO Affiliated Companie (formerly LASCO Group of Companies) is a Jamaican holding company with operations in food products, financial services and distribution.

History

In 2004, the company started a factory in Plymouth, England 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 1st 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 for Johnson & Johnson products in Jamaica.[4]

Company's structure

LASCO holds three companies:

LASCO Manufacturing, Limited

LASCO Distributors, Limited

Lasco Financial Service Limited

Pharmaceuticals

Consumer products

Lasco Barbados

References

  1. "Lasco quits UK manufacturing". Jamaica Observer. April 26, 2006. Archived from the original on May 13, 2007. Retrieved 2008-04-22.
  2. Gayle, Barbara (October 25, 2007). "Audrey gets half - Privy Council says shares in Lasco to be divided equally". Jamaica Gleaner. Archived from the original on January 12, 2008. Retrieved 2008-04-22.
  3. Rose, Dionne (March 18, 2006). "Gov't defends position to revive dairy industry". Jamaica Gleaner. Archived from the original on January 15, 2010. Retrieved 2008-04-22.
  4. 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.
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