T&T’s pub­licly list­ed, di­ver­si­fied group, ANSA McAL, an­nounced yes­ter­day that it had en­tered in­to an agree­ment to sell its ma­jor­i­ty share­hold­ing in Bry­dens Re­tail Inc. and Bry­dens Xpress (Of­fice Sup­plies) Inc. to Green­bow Inc, a Bar­ba­di­an com­pa­ny led by Gra­ham Greenidge and Sean Boland, two long-stand­ing ex­ec­u­tives of the busi­ness.

The trans­ac­tion is the sec­ond di­vest­ment an­nounced by the group this month. On No­vem­ber 3, ANSA McAL dis­closed that it had en­tered in­to an agree­ment to sell Stan­dard Dis­trib­u­tors to­geth­er with its whol­ly owned sub­sidiary, Stan­dard Dis­tri­b­u­tion and Sales Bar­ba­dos, to Term Fi­nance (Trinidad & To­ba­go). This trans­ac­tion re­flects ANSA McAL’s com­mit­ment to strate­gic port­fo­lio op­ti­miza­tion while com­ple­ment­ing Term Fi­nance’s ac­quis­i­tive growth agen­da across the re­gion.an­nounce­ment

In its news re­lease yes­ter­day, ANSA McAL said the change in own­er­ship forms part of ANSA McAL’s broad­er 2X strat­e­gy, which fo­cus­es on port­fo­lio op­ti­mi­sa­tion and dis­ci­plined in­vest­ment in growth ar­eas across the group.

The group’s chief strat­e­gy of­fi­cer An­dre Jef­fers, said, “This di­vest­ment aligns with our 2X strat­e­gy and our sharp­ened fo­cus on port­fo­lio op­ti­mi­sa­tion. Bry­dens Re­tail and Bry­dens Xpress have played an im­por­tant role with­in the ANSA McAL Group, and we are proud of their lega­cy and con­tri­bu­tion to the Bar­ba­dos mar­ket. The sale to the cur­rent man­age­ment team en­sures strong lo­cal con­ti­nu­ity, with lead­er­ship that deeply un­der­stands the busi­ness and its cus­tomers.”

The T&T com­pa­ny said the trans­ac­tion rep­re­sents a seam­less tran­si­tion in own­er­ship, en­sur­ing full con­ti­nu­ity of lead­er­ship, op­er­a­tions, and ser­vice. Long-stand­ing share­hold­er Har­ry Lash­ley will re­main in­vest­ed in the busi­ness, pro­vid­ing ad­di­tion­al con­ti­nu­ity and lo­cal in­sight as the com­pa­nies move in­to this next chap­ter. To­geth­er, the com­pa­nies em­ploy a tal­ent­ed team and serve thou­sands of re­tail and com­mer­cial cus­tomers across Bar­ba­dos through their es­tab­lished net­work of out­lets and dis­tri­b­u­tion chan­nels.

ANSA McAL said Bry­dens Re­tail, op­er­at­ing as Bry­dens Sta­tionery, is a house­hold name, of­fer­ing a wide range of sta­tionery, books, and school sup­plies; and gen­er­al con­sumer goods through its well-known re­tail lo­ca­tions through its stores lo­cat­ed in Low­er Es­tate, Nor­man Cen­tre and Sky Mall.

Bry­dens Xpress is the lead­ing whole­sale and dis­tri­b­u­tion ser­vice provider of prod­ucts and small ap­pli­ances, sta­tionery, of­fice sup­plies, of­fice equip­ment and of­fice fur­ni­ture to schools, cor­po­ra­tions, and gov­ern­ment in­sti­tu­tions.

Gra­ham Greenidge, di­rec­tor of Green­bow Inc and cur­rent gen­er­al man­ag­er of the com­pa­nies, said: “This is an ex­cit­ing mile­stone for our team and for Bar­ba­dos. Hav­ing been part of the Bry­dens jour­ney for many years, we are proud to con­tin­ue build­ing on the sol­id foun­da­tion laid un­der ANSA McAL. Our fo­cus re­mains on our cus­tomers, our em­ploy­ees, and our com­mit­ment to qual­i­ty ser­vice and trust­ed re­la­tion­ships.”

Har­ry Lash­ley, con­tin­u­ing share­hold­er and part­ner in the busi­ness, added: “It has been a plea­sure part­ner­ing with ANSA McAL over the years. I look for­ward to this new chap­ter with Green­bow, work­ing along­side a team that knows the busi­ness in­side and out. This tran­si­tion brings re­newed en­er­gy and con­tin­ued com­mit­ment to serv­ing our cus­tomers and com­mu­ni­ty.”

The trans­ac­tion is ex­pect­ed to close on or about No­vem­ber 30, 2025.