Business

Jinadasa Group exits logistics industry with sale of Califolink

30 July 2019 - 105   - 0

Califolink Logistics (CLL), the logistics arm of the Jinadasa Group, was recently acquired for an undisclosed sum by Ceyline Holdings. The integrated logistics company, which has a strong presence in Sri Lanka, has been an effective and reliable partner to many prominent local export businesses in the apparel, FMCG and automobile space over the past 10 years.

Over the years CLL diversified its business portfolio with the inclusion of mobile storage solutions through modified containers as well as venturing into the transportation solutions space with a fleet of 40 prime movers, trailers and with its team of experts the company provided logistical support to many industry giants, the company said in a media release on Tuesday.

Mevan Peiris, Director – Ceyline Group, said: “Califolink is a well-run business with operational strengths that complement our own and by acquiring it we further accelerate our growth and enhance our ability to compete on a global scale. Ultimately, it will strengthen our position of being a ‘one-stop-shop’ for all our customers’ logistical needs.”

Ceyline through this acquisition will integrate CLL into its existing operations thereby allowing them to offer their customers with cost effective innovative solutions. 

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