Hemas Holdings PLC has acquired Atlas Axillia, a leading Sri Lankan stationery distributor, for USD 38 million, aiming to enhance its FMCG portfolio and market presence.
Information on the Target
Atlas Axillia is a leading distributor and manufacturer of stationery products in Sri Lanka, holding approximately 50% of the market share in this sector. The company has established a strong reputation for its quality products and diverse offerings, catering to a wide range of consumers, including educational institutions, offices, and retail outlets.
With its extensive distribution network and manufacturing capabilities, Atlas Axillia stands out as a key player in the stationery industry, contributing significantly to the local economy. The company has been focused on innovation and maintaining high standards, which has further solidified its position in the market.
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Industry Overview in Sri Lanka
The stationery industry in Sri Lanka has experienced steady growth, driven by increasing educational enrollment rates and a rising demand for office supplies. The market is characterized by a mix of domes
Similar Deals
Hemas Holdings PLC
invested in
Atlas Axillia
in 2018
in a Buyout deal
Disclosed details
Transaction Size: $38M
Enterprise Value: $51M