Af­ter 80 years in busi­ness, Stan­dard Dis­trib­u­tors Lim­it­ed will close its re­tail op­er­a­tions fol­low­ing the sale of the com­pa­ny by ANSA McAL Lim­it­ed to Term Fi­nance Hold­ings Lim­it­ed.

In a state­ment, ANSA McAL con­firmed it has “en­tered in­to an agree­ment to sell Stan­dard Dis­trib­u­tors Lim­it­ed and its Bar­ba­dos sub­sidiary, Stan­dard Dis­tri­b­u­tion and Sales Bar­ba­dos Lim­it­ed, to Term Fi­nance Hold­ings Lim­it­ed.”

The Group said the move re­flects its “on­go­ing com­mit­ment to long-term port­fo­lio align­ment and dis­ci­plined growth” un­der its 2X Strate­gic Agen­da.