Singer (Sri Lanka) PLC to Acquire ACME Factory for Rs. 630 Mn 📈

Transaction Details: Singer (Sri Lanka) PLC signed a Sale Purchase Agreement on April 28, 2026, to acquire the factory premises of ACME Printing and Packaging PLC for a total consideration of Rs. 630 Million. Asset Location: The facility is situated at Gonamadiththa Road, Piliyandala. Strategic Objective: The investment is aimed at expanding the company’s local manufacturing footprint, reflecting a shift toward domestic production and localized supply chains. Industrial Context: This move aligns with broader economic trends in Sri Lanka focused on industrial diversification and enhancing domestic production capabilities to strengthen the national economy. _Note: Based on formal disclosure to the Colombo Stock Exchange._