E-Malt.com News article: Sri Lanka: Sri Lanka's Cargills Ceylon to buy a brewery for 1.425 million rupees

Sri Lanka's Cargills Ceylon, which runs the island's largest retail chain, said it will buy a brewery through a new unit for 1.425 million rupees, increasing its food and beverage producing capacity, Lanka Business Online reported on February, 8.

Cargills said in a stock exchange filing that its unit Millers Brewery Limited will buy Sri Lanka's McCallum Breweries (Ceylon) Pvt Ltd, McCallum Brewing Company (Pvt) Ltd and Three Coins Company (Pvt) Ltd.

Millers Breweries have also received a license to engage in the beer business. Stuart Young, formerly from Sri Lanka's Nestle unit will be chairman of the firm.

Cargills has recently boght ice cream, dairy products and biscuit making plants adding to its existing fruit processing and ice cream plants.


09 February, 2011