Honey Bun Buying New Property

 HONEY Bun is investing $70 million to buy a property closer to its Retirement Road head office in Kingston.

The move is “strategic” and will” provide for greater logistic efficiencies to be realised”, the baking company said in a release to the Jamaica Stock Exchange today.

The new property will allow for two of Honey Bun’s current operations to be relocated and housed in the same place.

The move is expected to also reduce its overall operational costs.

The acquisition is expected to be finalised by year end.

Honey Bun made $41.5 million in the last financial year, up from $27.6 million in 2011.

 

Read article at Observer’s Website

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