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