Fri | Sep 29, 2023

Mother's Enterprise sold to Roots Financial

Published:Tuesday | May 16, 2023 | 11:46 AMSteven Jackson - Senior Business Reporter
A Mother's store, operated by Mother's Enterprise Limited.
A Mother's store, operated by Mother's Enterprise Limited.

Roots Financial Group has acquired patty maker and food chain Mother's Enterprise Limited for an undisclosed sum.

“We acquired 100 per cent of Mother’s Enterprises,” said Kevin Donaldson, a former investment banker and principal owner of Roots Financial.

Roots sees potential in expanding Mother’s operations, investing in staff, customer sensory satisfaction, and expanding export opportunities.

The deal, which took effect last Thursday, was executed through MEL 2022 Limited, a company created by Roots Financial to hold the shares in Mother's.

The food chain operates 16 stores, school canteens, a bakery at Devon House, and the Pimentos restaurant.

Donaldson said that the chain employs some 800 persons.

[For more see Wednesday's business section of The Gleaner].