Breaking News
Natasha
Natasha
Jan 21 2026
24– Sunshine Holdings PLC (SUN), one of Sri Lanka’s diversified conglomerates, announced its intention to acquire a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a leading export-oriented company, subject to the conditions in the Share Purchase Agreement (SPA) signed on 21st January 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.
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, Group Chief Executive Officer of Sunshine Holdings PLC, Shyam Sathasivam, said, “This investment is a deliberate 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 agri 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.
Sunshine Holdings’ management will work closely with the existing management team to ensure a smooth transition. Business operations will continue uninterrupted, while SUN will contribute its expertise in governance, operational excellence, and strategic growth to further strengthen and scale the business.
