Renuka Agri in deal with Richlife
Hemanthi GURUGE
Renuka Agri Foods PLC, a subsidiary of Renuka Holdings PLC has
purchased 76 percent of the issued share capital of Richlife Dairies
Limited for Rs 505 million (Rs 505,000,000). Renuka Agri Foods PLC has,
in terms of agreement reached, assumed management control of Richlife
Dairies from January 13 under this deal. Richlife Dairies Limited
engages in the selling various milk products under the brand name of
Richlife and range of fruit products under the cheers brand.
The portfolio consist of liquid plain and flavoured milk in terra
pack, pasteurized milk in bottle, yoghurt, curd, ghee, ice cream. In
food products are company manufactures ready to drink mango, wood apple,
mixed food juices among others. Renuka Agri Foods PLC is listed under
the Food & Beverage sector of the Colombo Stock Exchange and
manufactures and markets a range of premium coconut products in
conventional and organic forms.
|