{{short description|International conglomerate}} {{Refimprove|date=August 2009}} {{Infobox company | name = GraceKennedy Limited | logo = GraceKennedy logo.png | type = Public company | traded_as = {{JSE|GK}}<br />{{TTSE|GKC}} | founded = Jamaica | location = Kingston, Jamaica | key_people = Frank James, CEO<ref>{{cite web|title=Frank James takes the helm as Grace Kennedy marks 103 years|url=https://gracekennedy.com/media-center-press/frank-james-takes-the-helm-as-gracekennedy-marks-103-years/|date=14 February 2025|accessdate=6 August 2025|website=gracekennedy.com}}</ref> | industry = Insurance, Financial, Banking, Remittances, Manufacturing, retail, distribution | products = Financial services, Drinks, Foods | revenue = | num_employees = | website = {{URL|http://www.gracekennedy.com}} }} '''GraceKennedy Limited''' is one of the Caribbean's largest conglomerates, with several diversified companies in the Caribbean, Europe and North America.
== Group members == The group includes: * Banking and financial services ** First Global Bank Limited ** First Global Financial Services Limited ** FG Funds Management (Cayman) Limited ** First Global Trinidad & Tobago Limited (formerly One1 Financial Limited) ** Signia Financial Group Incorporated * Remittances ** GraceKennedy Remittance Services Limited ** GraceKennedy Remittance Services (United States) Incorporated ** GraceKennedy Remittance Services (Trinidad & Tobago) Limited ** GraceKennedy Remittance Services (Guyana) Limited * Insurance (life and general) ** Allied Insurance Brokers Limited ** GK General (Eastern Caribbean) Insurance Company Limited ** First Global Insurance Brokers Limited ** GK General Insurance Company Limited ** Trident Insurance Company Limited * Manufacturing, retail and distribution ** Dairy Industries (Jamaica) Limited ** Grace Foods and Services Company ** GraceKennedy (Belize) Limited ** Grace Food Processors Limited ** Grace Food Processors (Canning) Limited ** GraceKennedy (United States) Incorporated ** Grace Foods International Limited ** National Processors Division ** World Brands Services Limited ** Hi-Lo Food Stores (Jamaica) Limited ** GK Foods (United Kingdom) Limited ** GraceKennedy (Ontario) Incorporated ** Hardware & Lumber Limited * Strategic investments ** Peak Bottling Water ** Majesty Foods Meat Patties
== History == One of the company's founders (Dr. John J. Grace) had worked for Grace Ltd, a wholly owned subsidiary of New York's W. R. Grace and Company. When, in 1922, W.R.Grace decided to divest the Jamaican subsidiary, Dr. Grace bought the company and, along with Fred Kennedy, a Jamaican, co-founded Grace, Kennedy and Company Limited. The company, which first operated as a small trading establishment, soon acquired wharfing facilities in order to facilitate its imports.<ref>Grace, Kennedy & Company Limited, A Story of Jamaican Enterprise, Douglas Hall</ref>
It has expanded and diversified over the years,<ref name="JO-award">{{cite news|url=http://www.jamaicaobserver.com/magazines/Business/html/20040729T230000-0500_63664_OBS_FOUR_FIRMS_AWARDED_FOR_JOB_CREATION.asp|title=Four firms awarded for job creation|date=30 July 2004|publisher=The Jamaica Observer|accessdate=2009-08-11}} {{Dead link|date=October 2010|bot=H3llBot}}</ref> changing from a privately owned enterprise to a public company listed on the stock exchanges of Jamaica, Trinidad, Barbados and the Eastern Caribbean.
Today, the GraceKennedy Group comprises a varied network of some 60 subsidiaries and associated companies located across the Caribbean and in North and Central America<ref name="JO-award"/> and the United Kingdom. Their operations span the food distribution, financial, insurance, remittance, hardware retailing and food-processing industries.<ref>{{cite web|url=http://www.gracekennedy.com/GRACE/indx_Companies.htm |title=Our Companies |year=2005 |publisher=Grace Kennedy and Company Limited |accessdate=2009-08-27 |url-status=dead |archiveurl=https://web.archive.org/web/20090615033958/http://www.gracekennedy.com/GRACE/indx_Companies.htm |archivedate=June 15, 2009 }}</ref>
In 1995, GraceKennedy developed its 2020 Vision, the objective being to transform from a Jamaican trading company to a global consumer group by the year 2020. At the end of 2006 its market value stood at J$21 billion, up from $1.29 billion in 1995 - an increase of 1500%.<ref>GraceKennedy Annual Report 2005</ref>
In March 2020, GraceKennedy acquired 65 percent of Key Insurance Company.<ref>{{Cite web|url=http://jamaica-gleaner.com/article/news/20200321/gracekennedy-confirms-acquisition-key-insurance|title=GraceKennedy confirms acquisition of Key Insurance|date=2020-03-21|website=jamaica-gleaner.com|language=en|access-date=2020-04-09}}</ref>
== References == <references/>
== External links == * {{official website|http://www.gracekennedy.com}} - Grace Kennedy Group * {{official website|http://www.gracefoods.com}} - Grace Foods
{{DEFAULTSORT:GraceKennedy Limited}} Category:Companies based in Kingston, Jamaica Category:Jamaican brands Category:Companies in the TTSE Composite