Standard Distributors is now Standard Credit.
ANSA McAL Limited announced the sale on Monday. This marks the end of eight decades of Caribbean history.
The agreement was signed between ANSA McAL Limited and Term Finance (Trinidad and Tobago) Limited to sell Standard Distributors Limited, and its wholly owned subsidiary, Standard Distribution and Sales Barbados Limited.
Re-branded as Standard Credit, the new credit and e-commerce platform intends to leverage the company’s previous history of offering credit facilities.
Standard’s retail operations officially closed on November 1st. However, according to the company statement, customers with existing service obligations and hire-purchase agreements will continue under the new ownership.
ANSA McAL has offered employees several options: continued employment where possible, enhanced separation packages, access to counselling and financial planning support, and job fairs to further ensure a smooth transition.
Group Chief Executive Officer of the ANSA McAL Group of Companies, Anthony N. Sabga III, said the sale closes an extraordinary chapter but does not diminish its impact, which he assured will continue.
The transaction is expected to close on or about December 31st, 2025.