Tortuga sells majority share

(CNS Business):  Specialty foods company Jamaican Producers Groups has bought a 62% holding in the newly consolidated Tortuga International Holdings as part of a push to make the rum cakes born in Cayman a $100 million global brand. Tortuga interests in the region now all fall under Tortuga International, run by the founders of Miami-based Tortuga Imports — Marcus Simmonds as CEO and Monique Hamaty-Simmonds as Chief Marketing Officer. Robert and Carlene Hamaty, who started the Tortuga Rum Company in 1984, will continue to own Tortuga Rum Company in Grand Cayman and maintain the exclusive distributorship for all Tortuga-branded products in the Cayman Islands. Read more on CNS business