The principals of Kintyre Holdings (JA) Limited and Miracle Corporation say their companies’ strategic joint venture is positioned to be a major force in the consumer goods market.

The newly formed subsidiary, BOLD (Brands of Loyalty Dividends), is 70 per cent owned by Kintyre and gives it control over a wide portfolio of branded consumer goods from automotive lubricants and car care products to food‑service disposables and other everyday consumer essentials.

Tyrone Wilson, president and CEO of Kintyre, said the JV will expand access to high-quality, reliable brands for shoppers while unlocking powerful new growth opportunities in the local market.

“There are a lot of opportunities and possibilities now at Kintyre Holdings working with a company like Miracle to form this bold initiative,” Wilson said in a video release. “We believe will be a major player within the manufacturing, distribution and consumer good space.

“We’re very excited as to where Kintyre holdings is headed now, which is to the top,” he added.

Richard Anthony Lee, the CEO for Miracle Corporation, also talked up the immense potential of the venture while noting that the company evolved has evolved since its inception in 1973 into several areas of distribution, automotive, food service, and tourism.

“Partnering with Kintyre was a deliberate decision grounded in long-term value creation,” Lee said in an earlier statement.

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.