ACME selects Acuity Partners to raise capital, restructure

ACME Printing & Packaging has appointed Acuity Partners to assist them with the restructuring of the company's equity.

"The company is looking into the possibility of raising capital to reduce debt and increase working capital required to meet the increasing demand for their products," Acme Chairman, Dinal Peiris told Daily News Business.

The peaceful condition in the North and Eastern provinces has opened the market for fast-moving consumer goods, the packaging of which is mostly supplied by Acme.

He said the company intends setting up service centre in the North and East to assist small entrepreneurs with their packaging requirements.

Acme Printing & Packaging PLC plans to provide free design and sampling services, giving entrepreneurs an opportunity to develop their products to international standards.

The company recently set up their second factory in Pannala, Acme Packaging Solutions (Private) Limited under the Gamata Karmanthaya scheme and it is therefore entitled for an eight-year tax holiday.

(CdeS)