Sunshine Holdings PLC has announced the acquisition of a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a prominent exporter of premium organic products, for a sum of 2.698 billion rupees.
“This investment is a deliberate step in expanding Sunshine Holdings’ global footprint through businesses that demonstrate resilience, scalability, and strong market relevance,” stated Shyam Sathasivam, Group Chief Executive Officer of Sunshine Holdings PLC, in a statement.
He further added, “JAPC has built a credible export platform in premium organic categories, supported by strong international relationships and operational rigour. We believe this partnership will enable the business to accelerate its growth while reinforcing our commitment to building export-led enterprises that create long-term value for Sri Lanka.”
JAPC specializes in processing and exporting spices, coconut products, and teas, primarily to the European Union and the USA. The company also operates a wholly owned subsidiary, Sancan Exports Lanka (Private) Limited, as noted in a stock exchange filing by Sunshine Holdings.
The founding shareholders of JAPC will continue to serve on the Board of JAPC and remain actively involved in the business and operations, according to Sunshine.
JAPC currently operates a B2B sales business catering to international clients and has recently ventured into direct-to-consumer retail sales, which is still in its early stages. (Colombo/Jan21/2026)
