Business Times

Richlife Dairies take-over by Renuka Group lifts company

Richlife Dairies Ltd, a high quality dairy and fruit products' producer, has seen the infusion of a fresh business direction by new owner- Renuka Agri Foods PLC (RAL). The company was recently acquired by Renuka Holdings PLC, parent company of RAL, a diversified conglomerate listed in the Colombo bourse with business interests in agriculture, automotive, FMCG, food service, investment, property and management services.

Picture shows Chief Operating Officer of Richlife Dairies Ltd, Palitha Gunathilake (2nd from right) and Sanath Bandara Production Manager (3rd from right) checking production operations of the Tetra aspetic filling machines.

"We are known as experts in coconut-based products worldwide and Richlife being a leading fresh milk processor offering high quality products for all ages would see it developed to new heights. Also, it gives Renuka the opportunity to extend its expertis into dairy sector," said Shamindra Rajiyah, Executive Director, Renuka Holdings, in a media statement. Richlife's state-of-the-art manufacturing facility in Wadduwa has obtained ISO 22000:2005 Food Safety Management Systems Certification, ISO 14001:2004 Environmental Management Systems Certification and OHSAS 18001:2007 Occupational Health and Safety Management Systems Certification.

All its dairy products are Halal-certified and fruit beverages have SLS product certification. Having a turnover of over Rs 5 billion, 1240 employees and operating in 23 locations in the country, Renuka Holdings is responsible for the strategic direction of the group and where appropriate has entered into strategic alliances and made far sighted acquisitions that will add value to its long term interests.

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Richlife Dairies take-over by Renuka Group lifts company


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