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
Pakistan offers numerous scholarship opportunities for Sri Lankan students
-- [6 hours ago]
Minister Ranjan Ramanayake says list of 24 MPs using drugs handed over to Speaker
-- [7 hours ago]
France supports Sri Lanka's fisheries sector to cut post-harvest losses
-- [7 hours ago]
Speaker to table the committee report on disorderly conduct in parliament on Friday
-- [8 hours ago]
Sri Lanka Navy, PNB arrest three people at sea with 20 kg of Kerala Cannabis
-- [9 hours ago]
Fitch downgrades SLT, CEB & DSi, upgrades Lion's Brewery on Sri Lanka National Rating Scale Revision
President emphasizes uplifting underprivileged in urban areas under the Gramashakthi Movement in future
IOM conducts user training workshop for National Police Commission on new Public Complaint Management System
Education Ministry to take action against spreading false rumors regarding Suraksha Insurance
Indian national dies at Sri Lanka's international airport

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.