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Sri Lanka’s Sunshine Holdings to buy Daintee for Rs1.7bn

ECONOMYNEXT – Sri Lanka’ Sunshine Holding Plc said it is buying a Daintee Limited a family owned confectionery firm for 1.7 billion rupees.

A 100 percent stake in the firm will be acquired by Watawal Tea Ceylon Limited, which is in turn in owned by Estate Management Services, a unit of Sunshine Holdings.

Daintee makes chocolates, toffees, biscuits, jelly based sweets and also tea.

Watala Tea Ceylon is the country’s top branded tea firm with a distribution network. (Colombo/Aug09/2020)