FINANCIAL CHRONICLE

Encyclopedia of Financial News

Category: Business

  • Sri Lanka’s CBL Acquires Indonesian Coconut Factory in $25 Million Deal

    Sri Lanka’s CBL Acquires Indonesian Coconut Factory in $25 Million Deal

    by

    Sienna De Silva
    in ,

    FINANCIAL CHRONICLE – The Sri Lanka-based food manufacturer, CBL Group, has announced the acquisition of a coconut processing plant in Indonesia for $25 million. This strategic move aims to enhance the company’s supply chain and strengthen its position in the value-added products sector. “This acquisition is a strategic step in increasing capacity and enabling geographic

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