Lankem Ceylon PLC (LCP), a major Colombo conglomerate involved in agriculture-related and paints businesses, said this week that its acquisition of C.W. Mackie (CWM), a food distribution and trading firm, is aimed at moving into the food production and manufacturing sectors in a big way by using its extensive links with farmers.
Sri Lanka’s plantation sector, shunned by investors during the past few months, saw a strong rally this week with analysts saying that the recent increase in world tea and rubber prices has given them renewed hope.
