Sunshine Holdings signs deal to take 75% of Joint Agri Products

From left: Hansamali Abeyratne, Joint Agri Products Ceylon Director and CEO Chathura Abeyratne, Pushpakanthi Abeyratne, Joint Agri Products Ceylon Managing Director Vernon Abeyratne, Sunshine Holdings Director G. Sathasivam, Sunshine Holdings Chairman Amal Cabraal, Sunshine Holdings Deputy Chairman Vish Govindasamy, Sunshine Holdings Director and Group CEO Shyam Sathasivam and Sunshine Holdings Director and Group CFO Aruna Deepthikumara

Sunshine Holdings PLC yesterday announced its intention to acquire a 75 percent stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a leading export-oriented company, subject to the conditions in the Share Purchase Agreement signed on January 21, 2026. 

Sunshine Holdings said the acquisition aligns with its strategy to expand its global footprint and grow its consumer sector, while further diversifying its business portfolio. 

By entering the premium export segment, Sunshine Holdings aims to strengthen its presence in high-value international markets and build resilient, future-ready revenue streams, the entity said.

“This investment is a deliberate step in expanding Sunshine Holdings’ global footprint through businesses that demonstrate resilience, scalability and strong market relevance. JAPC has built a credible export platform in premium organic categories, supported by strong international relationships and operational rigour,” Sunshine Holdings Group Chief Executive Officer Shyam Sathasivam said.

He added that the partnership would enable the business to accelerate its growth while reinforcing its commitment to building export-led enterprises that create long-term value for Sri Lanka.

The company to be acquired operates in the processing and export of organic spices and other agri products, catering to high-end global market segments. Its operations span two distinct business arms: general exports, focused on B2B sales to international clients and direct-to-consumer retail sales (B2C), which is in its infancy. 

Sunshine Holdings’ management will work closely with the existing management team to ensure a smooth transition. The business operations will continue uninterrupted, while Sunshine Holdings will contribute its expertise in governance, operational excellence and strategic growth to further strengthen and scale the business.