KINGSTON, Jamaica — Kintyre Holdings Limited has announced the acquisition of a chemical manufacturing plant, a five-gallon water bottling plant and a white label production contract for chemical manufacturing, in a strategic transaction valued at over $40 million.

According to a press release from the company on Thursday, the acquisition was completed as an all-equity transaction and marks another significant milestone in the rapid expansion of its manufacturing subsidiary, BOLD Manufacturing & Distribution. It said it is expected to generate immediate revenue while strengthening the company’s operational capabilities and long-term profitability.

The company said the newly acquired chemical manufacturing plant is already an income-generating asset and will now support the production of chemicals for distribution through Miracle Corporation, alongside additional distribution partnerships being developed across targeted markets.