Phillipsburg:--- The consortium GB Group, through its subsidiary GB Energy LTD., announced yesterday that they have signed the Sales and Purchase Agreement to acquire the Chevron assets in the Dominican Republic, Jamaica and St. Maarten.
GB Group is one of the major private industrial groups in the Caribbean, with offices in Haiti, Dominican Republic and Miami, FL. The Chairman of the Group, Mr. Gilbert Bigio commented: "this transaction is part of our ongoing efforts to constantly search for new opportunities to expand our downstream fuel business in the Caribbean, keeping our focus to satisfy the needs of our customers in the markets where we operate".
GB Group has more than one century of successful business activities. The Group has more than 2,000 employees and is comprised of numerous companies, affiliates, and joint ventures, in the following sectors: Building Materials, Consumer Goods, Environmental Services, Infrastructure, Telecommunications, Trading, Transportation, and Fuels Marketing and Distribution.
As a partner for this transaction, GB Group counts with Mr. Randal Perkins, President and CEO of AshBritt Environmental, the largest rapid-response company for disaster recovery, emergency and environmental services in United States.
In Dominican Republic, GB Group has partnered with Martà Petroleum Group, an experienced company in LPG distribution and fuel marketing business in the country.
