Neal & Massy re-branding exercise?

[The_Honourable]

Rumor has it that Neal & Massy would be re-branding itself and some of its subsidiaries.

Anybody got word about this and could shed some light?

[ruffrider27]

hi-lo going to be re named , hi lo is owned by Neal and Massy

[Pantos]

Illuminat is going to be renamed as well. An employee told me the new name last week but I can't remember what was said.

[Dizzy28]

Definitely HiLo cuz ah saw the St Augustine one changing their colour scheme and have taken down the old signage a few weeks now. El Dorado Hi Lo closed down for seven weeks for renovations which would possibly include the rebrand.

[tr1ad]

Not a rumour, the change over to the name "Massy" takes effect on Monday for all of NM

[The_Honourable]

The talk is Hi-lo is going to be renamed "Massy Foods" meh? brrr?

So they decided to drop "Neal"?

[tr1ad]

Yes that's correct, Massy Foods, Massy Automotive, Massy Technologies, Massy Wood Group etc

The new logo still reflects "NM" but they have dropped the Neal

[mars]

Bad move IMHO - the "Hi Lo" name is a VERY strong brand...

[tr1ad]

And it's not a talk, the brand was launched in Barbados about a month or two ago

[cinco]

So anybody get bad service from any subsidiary dey go bawl massey is chit

[The_Honourable]

Yes that's correct, Massy Foods, Massy Automotive, Massy Technologies, Massy Wood Group etc

The new logo still reflects "NM" but they have dropped the Neal

Thank you for the info tr1ad. Wonder what prompted the name change across the board. Don't see why they are dropping the word "Hi-Lo" to "Massy Foods" unless Hi-lo stays and operates under Massy Foods but as Dizzy28 said, they taking down the sign... unless Hi-Lo having a new logo?

Guess we have to wait till Monday.

[tr1ad]

Hi-Lo was always under Massy, the past 30+ years, all companies will en corporate the new colours.

I'm not with tech, but another company

[The_Honourable]

Hi-Lo was always under Massy, the past 30+ years, all companies will en corporate the new colours.

1403927412155.jpg

I'm not with tech, but another company

Yeah i know Hi Lo was always under N&M. I mean if they would actually drop the word "Hi Lo"

Not a bad logo on the pic there.

[sbocus]

All Motorist outlets re-branding as well

[pete]

What tracmac going to be called?

[nismoid]

Yes that's correct, Massy Foods, Massy Automotive, Massy Technologies, Massy Wood Group etc

The new logo still reflects "NM" but they have dropped the Neal

Thank you for the info tr1ad. Wonder what prompted the name change across the board. Don't see why they are dropping the word "Hi-Lo" to "Massy Foods" unless Hi-lo stays and operates under Massy Foods but as Dizzy28 said, they taking down the sign... unless Hi-Lo having a new logo?

Guess we have to wait till Monday.

Here ya go:-
http://www.vim-group.com/231-the-top-te ... rebranding

[*$kїđž!™]

Summary of Neal & Massy's History and Development

Our History 1In 1932, two companies – Neal Engineering, led by Harry Neal, and Massy Limited, led by Charles Massy – merged to create Neal & Massy Engineering Company Limited. Two wholly-owned subsidiaries were then established: Neal & Massy Limited and Tractors and Machinery (Trinidad) Limited (TRACMAC). In the late 1920’s, Charles Massy had secured the dealership for the Caterpillar brand and the Chevrolet brand in Trinidad and Tobago and these became the first in a long list of exclusive brands for which Neal & Massy became agents, in Trinidad and Tobago and later in other Caribbean islands. TRACMAC still holds the Caterpillar dealership today.

Through the strategies of cautious, debt-free expansion and reinvestment of profits locally, Neal & Massy maintained a presence in Trinidad and Tobago. The innovation of the two entrepreneurs and the transformation of their merged company – Neal & Massy Engineering Company Limited – saw them through the economic trials of the Great Depression of the 1930s.

Essentially, Neal & Massy started with two business units: transportation and industrial & engineering equipment. During the time of WWII (1939-1945) the company adapted to ensure its continued existence by shifting primarily from sales into parts and service. By the early 1950s, Neal & Massy was involved mainly in importing machinery and engineering services. By this time, the well-established tractor department offered industrial equipment like cranes and compressors, while the electrical and engineering departments supplied service and smaller items.

In 1958, the company went public. In the years from 1923 to 1945, the number of cumulative total shares grew to only 66,250, with a massive increase of almost 200% in the war years 1942-1945. After the war, share allotments continued to grow significantly. The bold move of its public offer significantly increased the operating capital of Neal & Massy, with cumulative total shares moving from 200,000 in 1957 to 363,150 in 1959 to 450,000 in 1965.

Among its initiatives, the mergers/acquisitions with Cannings and Company in 1975 is noted as one of the boldest moves in the history of the Group. This was a major success story for the Group with the Hi Lo Supermarket chain, which started in the 1950s as part of the Cannings Group, gaining dominance as the major food supplier in the nation.

From 1982-1988 the oil price collapsed and as a result, the economy in Trinidad & Tobago caved in. Coming on the heels of a major growth spurt, companies were caught with high inventory levels and lofty operating costs and as the effects were felt nationwide, many of the receivables became difficult to collect and Neal & Massy reacted by quickly moving to rationalize and consolidate within the Group. Neal & Massy’s head count fell from 9,000 in 1981 to less than 4700 by the late 1990s.

The organization faced mixed fortunes from the expansionist programme embarked upon during the boom years. After a decline in sales of 17% in 1985, Group sales to third parties rose 7%. CARICOM trade conditions eased somewhat in 1986, and the devaluation of the TT dollar boosted non-traditional exports to CARICOM, particularly Jamaica and Barbados. Although Jamaica’s economy faced several challenges due to its friction with the IMF, Neal & Massy’s companies in Guyana continued to perform, despite a 67% devaluation of their local currency in January 1987. The financial year which ended in August 31, 1987 proved to be extremely difficult. The Group shared a net loss of $8.1 million after tax, compared with a profit of $8 million in the previous year.

Between 1986 and 1996, the national economy was slowly on the mend. In 1992, the Group acquired T. Geddes Grant (another major conglomerate at the time) and one of the foundation subsidiaries upon which Marketing & Distribution was created. By the sheer size of the acquisition, Geddes Grant reinforced Neal & Massy as a trading company. This rapid expansion put a strain on the company’s capital structure and the company divested parts of the Geddes Grant Grou

[VexXx Dogg]

What tracmac going to be called?

Massy-cat

Well yes, lol

[tr1ad]

What tracmac going to be called?

Massy-cat

makes you wonder if they thought every group sub properly

what part of Massy Foods doesn't the OP understand, changing the name means they are dropping the Hi-Lo name

[bignog]

neal an massey is aligned with a foreign based engineering company called WOODGROUP......they are merging to control the energy sector ....oil/gas/methanol/ammonia etc......they are also building a new energy plant in pt fortin maybe all this name changing is to avoid tax an stuff .........wimpey(tarmac/carillion ) did too ............the analogy is a single snake with 10 heads

[tr1ad]

neal an massey is aligned with a foreign based engineering company called WOODGROUP......they are merging to control the energy sector ....oil/gas/methanol/ammonia etc......they are also building a new energy plant in pt fortin maybe all this name changing is to avoid tax an stuff .........wimpey(tarmac/carillion ) did too ............the analogy is a single snake with 10 heads

umm FYI it has been 50/50 with WG PSN since 2004 NMWG functions as EPCM, they do not own or operate facilities, engineering, maintenance, procurement & construction management
massy along with MHI, NGC, government has formed CGCL - Caribbean Gas Chemicals Ltd which is supposed to have MHI design and construct the Di-Methanol facility in La Brea

NMWG is a service provider to the operators within T&T
so how exactly are they merging to control the energy sector?

[bignog]

dey looking to buy weldfab or part there off........tryin to get sis and others some selling others not ........so therefore if you control all energy providers wont you lock the market?

[tr1ad]

it's called acquisition, business 101
they tried to buy weldfab in the past, well how can i put this.......... if you provide construction management maybe it's strategic to have in house fabrication? NMWG is considering another fabrication company

no neither NM or NMWG have tried to purchase SIS (why buy a waste of time company?)

SIS/Weldfab etc are not energy providers, they are service providers, NMWG and NM Energy are service providers as well
you seem to have your "classifications" wrong
NGC, Methanex, ALNG, PowerGen are energy providers

[Xplode]

good time to buy shares.

[tr1ad]

good time to buy shares.

smart man

[Xplode]

http://www.wiseequities.com/home/

price good too .

[Bizzare]

Hi-lo Food Stores would be renamed to Massy Supermarket

[The_Honourable]

What tracmac going to be called?

Massy-cat

what part of Massy Foods doesn't the OP understand, changing the name means they are dropping the Hi-Lo name

I don't think they should drop "Hi-Lo" because it is a household name and to my knowledge the general populace doesn't associate anything negative towards the name. Then again, it's their decision. You never know, "Massy Supermarket" or maybe "Massy" might catch on to the public. We'll see.

[GixxerMan]

so what are they going to call masterserv ?

[Team Loco]

so what are they going to call masterserv ?

poor serve