Grace) had worked for Grace Ltd, a wholly owned subsidiary of New York's W. R. Grace and Company. GraceKennedy Foods plans to expand its portfolio of products and work to better understand the consumer to further grow its Grace and La Fe brands throughout the United States. GraceKennedy Foods USA Executive Team (4) Name Title Board Seat In 1995, GraceKennedy developed our 2020 Vision, our objective being to transform ourselves from a Jamaican trading company to a global consumer group with our roots in Jamaica. Fred W. Kennedy, who recommended that James Moss-Solomon, then with United Fruit Company, be invited to join the new firm as Accountant, backed his decision. Welcome to gracefoods.com, the food website of GraceKennedy Limited, the Caribbean’s leading food manufacturer and distributor. GraceKennedy Foods focuses on expanding its Grace and La Fe footprints throughout the United States. It has expanded and diversified over the years,[2] 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[2] and the United Kingdom. Thus on February 14, 1922, St. Valentine’s Day and Fred William Kennedy’s Mother’s Birthday, a new firm, Grace, Kennedy & Company Limited was launched on the successes of its predecessor. W.R. Grace and Co. of New York felt the pressure and decided to divest its Jamaican branch. Our operations span the areas of food processing and distribution, banking and finance, insurance and remittance services, together with an investment in building materials retailing. The first Annual General Meeting of shareholders was held on March 5, 1923. The Company’s cheques were to be honored on the signature of the Governing Director alone, or together with that of Fred William Kennedy; and an agreement was to be concluded between the Company and Mr. Walter Fletcher for the management of the former Montego Bay branch of Grace, Limited, which had also been acquired by GraceKennedy Limited. The principals of Majesty Foods, Gary Tie-Shue and Colin Chang, who are also of Jamaican descent, will continue to lead the manufacturing operation that they started 20 years ago. Grace Foods currently owns and operates a 23,000 square foot cold storage and food processing facility located in Florida, US. Those present were Dr. John Grace, Governing Director; Fred William Kennedy, appointed a Director. Dr. John Grace realized that Grace Limited in Jamaica was not itself a failing concern but that it was being divested in order to relieve the pressure from the parent company in New York. The meeting appointed the Colonial Bank as the Company’s bankers; G.F. Wallace, secretary; James Moss- Solomon, accountant; and Cargill, Cargill and Dunn, solicitors, instructed to retain H. M. Radcliffe as counsel. There are 28 companies in the Gracekennedy Foods (usa) LLC corporate family. Gracekennedy Foods (usa) LLC has 10 employees at this location. Prior to the founding of GraceKennedy these two gentlemen worked for Grace Limited, a wholly owned subsidiary of W.R. Grace & Company of New York City, New York. Like Kennedy, Moss-Solomon was of Jamaican stock. Company profile for GraceKennedy Ltd. including key executives, insider trading, ownership, revenue and average growth rates. Gracekennedy Foods Usa's annual revenues are $100-$500 million (see exact revenue data) and has 100-500 employees. It is classified as operating in the Grocery Wholesalers industry. Insolvencies tripled between 1919 and 1921. He decided to keep it. [4], In March 2020, GraceKennedy acquired 65 percent of Key Insurance Company. [3], 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. Since its beginnings in 1922, GraceKennedy has provided authentic Caribbean food products to generations of Caribbean people earning… and still deserving… the name ‘Grace, the Good Food People’. The former Grace. The company started in Jamaica in 1922 as a small trading establishment and wharf operators. The company which first operated as a small trading establishment, soon acquired wharfing facilities in order to facilitate its imports. 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. View detailed GK.JM description & address. In the United States a brief post-war economic boom which lasted from 1918 until the summer of 1921 was followed by an equally brief but sharp recession.