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Market Impact of Acquisition
Stock price movement following the announcement
Primary Sources
Singer Sri Lanka Acquires ACME Manufacturing Plant for Rs 630 Million
FINANCIAL CHRONICLE – Singer (Sri Lanka) has finalized a sale agreement with ACME Printing and Packaging for the acquisition of its Piliyandala factory, valued at 630 million rupees. This transaction is part of the company’s broader restructuring efforts and aims to facilitate the expansion of its facilities in Pannala, according to a disclosure made by ACME. The factory is located at 345, Gonamadiththa Road, Piliyandala. Following this announcement, ACME Printing and Packaging’s shares experienced a rise, trading at Rs.6.20, which reflects an increase of 3.33 percent. In contrast, Singer’s stock also saw an uptick, gaining 60 cents to reach a price of 87.50 rupees. Singer is a member of the diversified Hayleys Group. The company reported a significant profit increase of 47 percent, reaching 2.1 billion rupees for the December quarter of 2025, largely driven by sales in home appliances and financial services, as indicated in its earnings report. (Colombo/Apr29/2026)
Singer to Acquire ACME Printing Factory for Rs. 630 Million
In a move to significantly bolster its domestic production capabilities, Singer (Sri Lanka) PLC has officially entered into a Sale Purchase Agreement to acquire the factory premises of ACME Printing and Packaging PLC. The agreement, executed on April 28, 2026, involves the purchase of the premises located at Assessment No. 345, Gonamadiththa Road, Piliyandala. The transaction is valued at a total price of Rs. 630,000,000 (Six Hundred and Thirty Million Rupees). According to a formal disclosure made to the Colombo Stock Exchange, the primary objective behind this substantial investment is the expansion of the Company’s local manufacturing business. This acquisition aligns with broader industrial trends focusing on localizing production chains within the country.
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