ANSA McAL Limited today announced that it has entered into an agreement to sell Standard Distributors Limited, together with its wholly owned subsidiary, Standard Distribution and Sales Barbados Limited (collectively “Standard”), to Term Finance (Trinidad & Tobago) Limited (“Term Finance”).
The agreement was formally signed by representatives of both companies during a brief ceremony held at ANSA McAL Head Office.
This transaction reflects ANSA McAL’s commitment to strategic portfolio optimisation while complementing Term Finance’s regional growth agenda.
The sale marks a defining moment in the 80-year history of Standard’s; a brand that has long been part of Caribbean homes and family life. Term Finance will evolve Standard’s operations into Standard Credit, a new credit and e-commerce platform that leverages the company’s eight decades of hire-purchase expertise to deliver best-in-class credit products across Trinidad and Tobago and Barbados.
Although Standard’s retail operations officially closed on November 1, 2025, existing service obligations and hire-purchase agreements will continue under the new ownership. Customers can continue to make payments through existing options and access service or warranty support via www.standardcredit.mytermfinance.com.
Throughout this process, ANSA McAL has remained focused on supporting the dedicated employees who have built Standard’s legacy for decades. Employees have been offered continued employment where possible. Others have been offered enhanced separation packages, underscoring the company’s commitment to fairness and respect during this transition, along with access to wellbeing, counselling and financial-planning support until December 31, 2025. Job fairs and a virtual financial-counselling session are also being hosted this month (November 2025) to help employees transition smoothly.
“Standard has been part of our Group’s story for eight decades, shaping lives and homes across Trinidad and Tobago and Barbados,” said Nicholas Sabga, Managing Director, Standard Distributors Limited. “We want to extend our heartfelt thanks to all our employees, customers and partners who have stood with us, and we look forward to seeing the brand’s next evolution under new ownership.”
“We are proud to carry forward the Standard legacy and to uphold the confidence that generations of customers have placed in the brand,” said Nicholas Farah, Chief Operating Officer, Term Finance Holdings. “Evolving the Standard brand to Standard Credit is our way of telling the market that Term Finance is coming to the high street.”
“This sale closes an extraordinary chapter in the Standard story, but its impact — built on quality, dedication and connection — will endure,” said Anthony N. Sabga III, Group CEO, ANSA McAL Limited. “As the Group continues to streamline its portfolio in line with our 2X Growth Agenda, we remain proud of Standard’s contribution to regional life.”
The transaction is expected to close on or about December 31, 2025, subject to customary closing conditions.
