📈 Sunshine Holdings to Acquire 75% Stake in Joint Agri Products Ceylon

Diversified conglomerate Sunshine Holdings PLC (SUN) has signed a Share Purchase Agreement (SPA) as of January 21, 2026, to acquire a 75% majority stake in Joint Agri Products Ceylon (Private) Limited (JAPC). This move marks a significant expansion into the premium export-oriented sector. • Strategic Rationale: The acquisition is designed to expand SUN’s global footprint and diversify its Consumer sector by entering high-value international markets through a resilient, export-led platform. • Business Operations: JAPC specializes in the processing and export of organic spices and agricultural products. It operates via two primary channels: • General Exports: Established B2B sales to international clients. • Direct-to-Consumer: An emerging B2C retail segment currently in its infancy. • Sector Impact: This investment strengthens Sri Lanka’s export-oriented agri-business landscape. SUN intends to leverage its expertise in governance and operational excellence to scale JAPC’s existing organic spice platform. • Transition: Operations will continue uninterrupted, with Sunshine Holdings’ management working alongside JAPC’s existing leadership to ensure a seamless integration and long-term value creation for the national economy.