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Sri Lanka’s C W Mackie in fruit drink JV with Denmark’s Co-Ro
Two firms are to be set up under the joint venture to make concentrates and ready-to-drink products marketed under the Sunquick brand, a stock exchange filing said.
The agreement “provisionally envisages an investment of Rs1.1 billion jointly,” it said.
Two firms are Sunquick Lanka (Private) Ltd in which CW Mackie will hold 49% and Co-Ro 51% and Sunquick Lanka Properties (Private) Ltd. with Co-Ro holding 49% and CW Mackie 51%.
CW Mackie now bottles and distributes Sunquick concentrated squashes in Sri Lanka under its 40-year partnership with Co-Ro.
(COLOMBO, Feb 27, 2017)
http://www.economynext.com/Sri_Lanka%E2%80%99s_C_W_Mackie_in_fruit_drink_JV_with_Denmark%E2%80%99s_Co_Ro-3-7437.html
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