Monday, January 23, 2006

STRAYING FROM THE ISLAND

Lawrence Duprey, chairman of Angostura and CL World Brands based in Trinidad and Tobago, seems determined to push his companies to the global forefront. With a recent formal bid to purchase Marie Brizard through an investment in Belvedere, a €300 million deal that will be finalized in April, Lawrence admitted, “We have a brave new company going out there and putting Trinidad and Tobago on the map.” Under the leadership of Lawrence, Angostura/CL World Brands hopes to continue growing and someday “build a company that may be five, six or seven among the world spirits organizations.” His strategy involves “buying companies or associating with companies in the larger developed markets…there are some opportunities being created as some smaller brands are opening up for investment.”