Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's Carson group completes acquisition of Millers Brewery
Sat, Nov 1, 2014, 10:49 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 01, Colombo: Sri Lanka's Carson Cumberbatch group which owns Lion Brewery has concluded the acquisition of Millers Brewery, from Cargills Ceylon Plc.

Carson Cumberbatch on June 20 announced that Lion Brewery, a wholly owned subsidiary of Carson Cumberbatch and Pearl Springs, a subsidiary of Lion Brewery have entered into a sales and purchase agreement with Cargill's PLC to purchase its subsidiary Millers Brewery for Rs. 5.15 billion.

Carson Cumberbatch Group in a stock market disclosure announced that it has now concluded the acquisition of the Trade Marks and the entirety of shareholding of Millers Brewery Ltd. (MBL) through its subsidiaries Lions Brewery and Pearl Springs.

All liabilities of Millers Brewery Ltd. were fully settled by the previous management prior to completion of the acquisition, the company said.

With the acquisition of the trade marks, Lion Brewery has now consolidated the MBL portfolio of brands into Lion's portfolio and will soon commence the brewing of Sando Power, Irish Dark, Sando Stout, Three Coins larger, and Grande Blonde at its production facility in Biyagama.

Meanwhile, pending a detailed evaluation, operations at the MBL brewery in Meegoda will cease temporarily, the company said.

This acquisition of MBL affords Lon Brewery the opportunity to take advantage of supply chain synergies whilst ensuring that loyal consumers of the MBL portfolio continue to have access to their brands of choice, the company said.

** Related Story :: Sri Lanka\'s Carson group to buy Cargills\' Millers Brewery

ColomboPage - Recent 10 Stories
Study recommends integrating top SME institutions into an apex body, SME Industrial Zone
-- [1 hour and 8 minutes ago]
Sri Lankan President takes a jab at the leadership of the coalition party
Sri Lanka's New Chief Justice pledges to protect independence of judiciary
'Galle Dialogue' international maritime conference gets underway in Sri Lanka
President donates Rs. one million to student Gihan Hettiarachchi who made a rocket
Sri Lanka nationwide inflation declines to 0.9 percent in September 2018
Sri Lanka introduces Business to Consumer direct transaction under E-commerce
Sri Lanka Ministry of Finance justifies divestiture of Hyatt and Hilton Hotels
Sri Lankan government allows private sector to maintain bonded warehouse for imported goods clearance
Sri Lanka hosts investment forum in London to attract FDI into the Western Region Megapolis Master Plan

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.