Neal & Massy Jamaica was formed in 1974 when the company acquired 25% interest in Xerox (Jamaica). In 1979, Neal & Massy purchased a Bandag re-treading plant in Jamaica and the company became a significant contributor to the Jamaica Holding. By the late 1980s, Neal & Massy’s operations in Jamaica included Jamaica Oxygen and Acetylene; Jamaica Carbonics; Hi Lo (Jamaica) and Trinjam Food Processors. The downturn in Jamaica started in the 1990s and many companies collapsed and Neal & Massy sold off parts of the group. In 1993, all Jamaican operations were consolidated into a single corporate entity – Neal & Massy Group Jamaica however difficult circumstances, such as trade liberalization and other changes in the region continued to present significant challenges for the Group.
Neal & Massy began to re-invest in Jamaica shortly thereafter with the re-introduction of CCS, under the new name, “Illuminat”. In 2001, Neal & Massy also acquired H.D. Hopwood and Company which is the largest distributor of pharmaceuticals in Jamaica and also offers a diverse range of Fast Moving Consumer Goods (FMCG) to the retail and wholesale trade. Neal & Massy Group Jamaica was eventually wound down and all the remaining business units were restructured according to the Trinidad and Tobago Holding Company.
More recently in February 2006, NM Industrial Gas Holdings Limited (NMGH) re-entered the Jamaican market by jointly acquiring, with its partner Cool Corporation Limited, the LPG and retail businesses of Shell Company West Indies Limited. LPG distribution in Jamaica is now handled through a fully-owned subsidiary of NMIGHL called Gas Products Limited, which is initially charged with establishing the new brand of LPG in the market – GAS PRO. On the retail side, Cool Petroleum Limited, in which NMIGL has a 40% shareholding, is in the process of upgrading and expanding the Convenience Stores network and introducing “fast food” outlets at strategic locations.