Sri Lankan floor tile manufacturer Royal Ceramics Lanka said it has acquired a paint making firm for 125 million rupees.
A stock exchange filing said Royal Ceramics acquired a 100 percent stake in a paint and allied product manufacturing company named Ever Paint and Chemical Industries operating under the brand name 'Colorbrite' on April 0, 2011.Royal Ceramics expanded into sanitaryware two years ago setting up a factory under a subsidiary called Rocell Bathware.
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