Af­ter eight decades in busi­ness, Stan­dard Dis­trib­u­tors Lim­it­ed is be­ing sold by ANSA McAL Lim­it­ed to Term Fi­nance (Trinidad & To­ba­go) Lim­it­ed.

In a state­ment is­sued Mon­day, ANSA McAL said it has “en­tered in­to an agree­ment to sell Stan­dard Dis­trib­u­tors Lim­it­ed to­geth­er with its whol­ly owned sub­sidiary, Stan­dard Dis­tri­b­u­tion and Sales Bar­ba­dos Lim­it­ed, to Term Fi­nance (Trinidad & To­ba­go) Lim­it­ed.”

The Group said the trans­ac­tion re­flects its com­mit­ment to strate­gic port­fo­lio op­ti­mi­sa­tion while sup­port­ing Term Fi­nance’s growth agen­da across the re­gion.

“This sale clos­es an ex­tra­or­di­nary chap­ter in the Stan­dard sto­ry, but its im­pact — built on qual­i­ty, ded­i­ca­tion, and con­nec­tion — will en­dure,” said An­tho­ny N. Sab­ga III, Group CEO of ANSA McAL Lim­it­ed. “As ANSA McAL con­tin­ues to stream­line its port­fo­lio, in line with our 2X strate­gic agen­da, the Group re­mains proud of Stan­dard’s con­tri­bu­tion to re­gion­al life and grate­ful to all who sup­port­ed the brand through­out its jour­ney.”

The trans­ac­tion is ex­pect­ed to close on or about De­cem­ber 31, 2025, sub­ject to cus­tom­ary clos­ing con­di­tions.

Stan­dard’s re­tail op­er­a­tions of­fi­cial­ly closed on Sat­ur­day, No­vem­ber 1, 2025, but the com­pa­ny’s ser­vice oblig­a­tions and hire-pur­chase agree­ments will con­tin­ue un­der the new own­er­ship.

ANSA McAL said Term Fi­nance will evolve Stan­dard’s op­er­a­tions in­to a ded­i­cat­ed cred­it provider and e-com­merce plat­form, lever­ag­ing Stan­dard’s 80-year ex­pe­ri­ence and hire-pur­chase ex­per­tise to of­fer new cred­it prod­ucts through branch­es across Trinidad and To­ba­go.

Cus­tomers with ex­ist­ing ser­vice claims and prod­uct war­ranties will be able to ac­cess sup­port through Stan­dard’s of­fi­cial web­site and so­cial-me­dia chan­nels.

The com­pa­ny al­so ad­dressed the fu­ture of its em­ploy­ees, not­ing that “where pos­si­ble, team mem­bers have been of­fered con­tin­ued em­ploy­ment with Stan­dard, or re­as­signed with­in the ANSA McAL Group of Com­pa­nies.” Oth­ers have re­ceived en­hanced sep­a­ra­tion pack­ages, which the Group said un­der­scored its com­mit­ment to fair­ness and re­spect dur­ing the tran­si­tion.

All em­ploy­ees will con­tin­ue to have ac­cess to the com­pa­ny’s Em­ploy­ee As­sis­tance Pro­gramme, which in­cludes well­be­ing and fi­nan­cial-plan­ning sup­port ser­vices.