Califolink Logistics (CLL), the logistics arm of the Jinadasa Group, was recently acquired for an undisclosed sum by Ceyline Holdings. The integrated logistics company, which has a strong presence in Sri Lanka, has been an effective and reliable partner to many prominent local export businesses in the apparel, FMCG and automobile space over the past 10 years.
Over the years CLL diversified its business portfolio with the inclusion of mobile storage solutions through modified containers as well as venturing into the transportation solutions space with a fleet of 40 prime movers, trailers and with its team of experts the company provided logistical support to many industry giants, the company said in a media release on Tuesday.
Mevan Peiris, Director – Ceyline Group, said: “Califolink is a well-run business with operational strengths that complement our own and by acquiring it we further accelerate our growth and enhance our ability to compete on a global scale. Ultimately, it will strengthen our position of being a ‘one-stop-shop’ for all our customers’ logistical needs.”
Ceyline through this acquisition will integrate CLL into its existing operations thereby allowing them to offer their customers with cost effective innovative solutions.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
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