Fri, 29 Mar 2024 Today's Paper

Jinadasa Group exits logistics industry with sale of Califolink

By

31 July 2019 12:10 am - 0     - {{hitsCtrl.values.hits}}

A A A

Califolink Logistics (CLL), the logistics arm of the Jinadasa Group was recently acquired for an undisclosed sum by Ceyline Holdings, a Jinadasa Group statement said.


The integrated logistics company, which has a strong presence in Sri Lanka, has been a reliable partner to many prominent local export businesses in the apparel, FMCG and automobile space over the past 10 years.

 

Over the years CLL had 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 forty prime movers, trailers and with its team of experts the company provided logistical support to many industry giants. “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 ‘one-stop-shop’ for all our customers’ logistical needs,” Ceyline Director Mevan  Peiris said.


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


Commenting on the sale Jinadasa Group Director Gayan Gunawardana said, “After our initial meeting with the Ceyline Group it was clear to us that they had a definitive vision for CLL’s future and there existed many synergies between the organizations. “From the inception our focus was to see how we can structure a divestment that would help realizethe synergies that will take this business to the next level.”


Jinadasa Group Director Dilanka Jinadasa said it was the ideal time for them to  exit the industry.


“Califolink had come a long way since its inception and in that time we had managed to grow shareholder value to a level that would yield a healthy return on investment  for all involved.” 
Ceyline Holdings was established in 1985 and over the span of three decades the company has grown to over 800 employees and today offers comprehensive shipping solutions that are cost-efficient and result-driven.


Califolink Logistics (Pvt) Ltd is a dynamic total logistics solutions provider that has a diverse business portfolio which encompasses local transport, clearance, warehousing, machinery rental, and container fabrication and renting.

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H