Expolanka acquires a 50% stake of Norfolk Foods
Sri Lanka’s Expolanka Holdings PLC, a local conglomerate has acquired a 50% stake of the Norfolk Foods, a producer of processed foods.
Expolanka, a listed firm in the Colombo bourse, has paid Rs. 300 million to acquire the said stake with controlling interest.
Norfolk Foods, which has its operation established in Katuwana, Homagama is engaged in producing and marketing a range of processed food items under the brand name “Crescent ”.
Among the halal certified processed food range ranks, items such as Chicken Sausage, Chicken Hot Dog, Chicken Breakfast, Beef Sausage, Beef Breakfast, Mutton Sausage, Carrot Sausage and Spinach Sausage etc.