Above: Officials from both companies at the signing of the agreement.
Sunshine Holdings PLC (SUN), one of Sri Lanka’s diversified conglomerates, has announced its intention to acquire a 75 per cent stake in Joint Agri Products Ceylon (Pvt) Ltd (JAPC), a leading export-oriented company, subject to the conditions in the Share Purchase Agreement (SPA) signed on January 21, 2026.
The signing of the SPA took place at Sunshine Holdings PLC’s Corporate Office, marking a strategic milestone in SUN’s long-term growth journey, SUN said in a media release.
This acquisition aligns with Sunshine Holdings’ strategy to expand its global footprint and grow its Consumer sector, while further diversifying its business portfolio. By entering the premium export segment, SUN aims to strengthen its presence in high-value international markets and build resilient, future-ready revenue streams.
Commenting on the acquisition, SUN Group Chief Executive Officer Shyam Sathasivam, said, “This investment is a step in expanding Sunshine Holdings’ global footprint through businesses that demonstrate resilience, scalability, and strong market relevance. JAPC has built a credible export platform in premium organic categories, supported by strong international relationships and operational rigour. We believe this partnership will enable the business to accelerate its growth while reinforcing our commitment to building export-led enterprises that create long-term value for Sri Lanka.”
The company to be acquired operates in the processing and export of organic spices and other agriculture products, catering to high-end global market segments. Its operations span two distinct business arms: General Exports, focused on B2B sales to international clients, and direct-to-consumer retail sales [B2C], which is in its infancy.
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