Friday, February 22, 2013

Delmege Forsyth to list in CSE

H.D.H Senewiratne

Delmege Forsyth and Company Limited will go for listing in the Colombo Stock Exchange (CSE) in the future to raise funds for the company to expand its operation, its Group Managing Director Channa de Silva said.

"The company's presence in all key sectors positions Delmege as a rapidly growing conglomerate in the country, expanding its business in this important and crucial year," de Silva said at a function where the company was appointed as the exclusive distributor of "Berri" by Lion Australia Ltd.

He said the company is a conglomerate with a rich history of over 150 years and renowned name in the food and beverage sector in addition to its presence in other sectors such as medical equipment, pharmaceutical, shipping and freight forwarding, interior and lifestyle products, along with insurance, travel and export sectors. He said the company's passion is to do everything differently and exclusively to achieve the top market position in all sectors of business the company is involved in.

Therefore, the company always kept confidence on human resource and recruited top persons in excels in different field to be great company in the country. Australian High Commissioner Robyn Mudie said at the function that trade and investment with Sir Lanka is growing significantly and amounts to 339 million Australian dollars. Sri Lanka "Berri" consists of an outstanding range of 100 percent natural fruit juice with a great variety of several flavors, she said.

The Group CEO Nuwan Wimalana said that the company is currently dealing with more than 40,000 retails shops in the country and planning to increase number of retail outlets to 80,000 outlets before the end of this year. The history of Delmege Forsyth & Co. Ltd goes back to the year 1850, when Alexander Reid established as a merchant in Pedlar Street Galle. In 1865, the brothers Delmege, (Sam and Toby) arrived in Ceylon and went into partnership with James Reid who succeeded Alexander, setting up offices in Colombo and Galle.

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