JAMAICAN investment firm Kintyre Holdings (JA) Limited said on Wednesday it had entered a strategic joint venture with local distributor Miracle Corporation Limited to own and scale a portfolio of branded consumer goods.

The newly formed subsidiary, BOLD (Brands of Loyalty Dividends), will be 70 per cent owned by Kintyre and act as the product owner, a statement said. Distribution will be handled through Miracle Corporation’s established nationwide network.

The arrangement implies an overall valuation exceeding $377.88 million, Kintyre said.

The venture will include fuel-related products and services alongside consumer goods, with specific BOLD-branded products to be announced at a later date.

Kintyre said it expected the joint venture to contribute immediate revenue and profitability, as some products involved are already established in the local market. Earnings from the venture will form part of a newly established dividend regime, which the company plans to announce shortly.

“This represents our biggest venture to date and a major milestone,” said Tyrone Wilson, president and CEO of Kintyre. “Partnering with Richard Anthony Lee and Peter Bovell on Kulcha Rum, alongside the wider Miracle Corporation team, allows us to combine proven distribution infrastructure with brand ownership at scale.”

Miracle Corporation, led by Chief Executive Richard Anthony Lee, is a manufacturer and distributor with a history spanning over 50 years. Its portfolio includes brands such as AMSOIL, WD-40, and PEAK automotive fluids, as well as food-service disposables.

“Partnering with Kintyre was a deliberate decision grounded in long-term value creation,” Lee said in the statement, welcoming the board’s intention to introduce a new dividend policy.

Kintyre Holdings is a publicly listed investment holding company with interests in consumer goods, media, hospitality, real estate, and technology.