GB Group (conglomerate)

GB Group S.A. is a diversified business conglomerate based in Port-au-Prince, Haiti. It is a parent company of over a dozen industrial and trading companies with operations concentrated in Haiti, Dominican Republic, Jamaica, Saint Maarten and offices in the United States collaborating with more than 4,000 employees and in more than 15 countries companywide in some of the world’s top business organizations.[1][2][3]

GB Group S.A.
TypePrivate
IndustryConglomerate
Founded1972 (1972)
FounderGilbert Bigio
HeadquartersPort-au-Prince, Haiti
Area served
Worldwide
Key people
Gilbert Bigio (Chairman)
Reuven Bigio (CEO)
Products
  • Agriculture
  • Construction
  • Consumer goods
  • Energy
  • Financial
  • Infrastructure
  • Logistics
  • Media
  • Trading
Subsidiaries
  • Aciérie d'Haïti
  • GB Energy
  • Huileries Haïtiennes
  • Immocaraïbes
  • Citadelle United
  • Lafito Global
  • Republic
  • Southern Steel
  • Telecom Solutions
Websitegbgroup.com

History

In 1972, founder Gilbert Bigio was part of a group of investors who inaugurates Aciérie d'Haïti (Haiti Steelworks), the first steel plant in the country.[4] In the 1980s, Gilbert Bigio became the majority shareholder and the plant has a virtual monopoly on steel in the Haitian market.[5] In 1981, the group founded Huileries Haïtiennes, a refining plant of edible oil.

Subsidiaries

GB Group activities are diversified and spread in several areas, but are based on four known among other sectors:

Construction
  • Aciérie d'Haïti - Steel Distributor and wood. Once seen as the largest Haitian private company, it remains today the largest company in construction materials.
  • Immocaraïbes - Property developer specializing in Caribbean architecture.

Consumer goods
  • Huileries Haïtiennes (HUHSA) - Consumer goods. Edible oil refining plant in the beginning, is now Huhsa also a manufacturer of soap to detergent, from margarine and exclusive distributor for Haiti several international companies; become the largest supplier of consumer goods.

Energy
  • GB Energy - Operating a network of over 200 gas stations in the Caribbean as the license holder for the Dominican Republic, Jamaica and Saint-Marteen.

- In January 2016 GB Group sold to Groupe financier national its 50% stake of Distributeurs nationaux, S.A. (DINASA), the only integrated oil and gas Company in Haiti which provides aviation fuel, LPG, diesel, fuels, bitumen, fuel oil and lubricants services along with its sister company Sodigaz, a propane dispenser.

Telecommunications
  • Telecom Solutions - Distributor of mobile phones and prepaid cards for Digicel in Haiti. Joint venture with the Facey Commodity Company (Jamaica-based). GB Group is also a founding partner of Unigestion Holding, parent company of Digicel Haiti.

References
  1. Merkin, Josh, ed. (2 July 2015). "Haiti's Port Lafito Officially Opens - Haiti's first Panamax Port Positioned to Benefit National Economy". Businesswire. Retrieved 21 December 2015.
  2. Bloomberg Business - GB Group SA
  3. Guaglione, Sara, ed. (1 December 2015). "Haitian Newsweekly 'Challenges' Launches English Site". Media Post. Retrieved 21 December 2015.
  4. Aciérie d'Haïti
  5. Oppenheimer, Andres, ed. (24 June 1992). "Some Wealthy Haitians Are Facing Reversal of Fortune". JOC. Retrieved 21 December 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.