Sri Lanka’s Dipped Products buys full control of Italian marketing unit

ECONOMYNEXT – Sri Lankan rubber gloves manufacturer Dipped Products said it has bought full control of ICOGUANTI S.p.A., its Italian marketing company, with an investment of 3.2 million euro (about 535 million rupees).

The firm, part of the Hayleys Group, said that with the latest investment, ICOGUANTI S.p.A., which was a 60% owned subsidiary, was now a fully owned unit of the company.
(COLOMBO, May 25 2016)

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