GLOVES – ITALY – SRI LANKA
August 1st, 2002
BY SWINEETHA DIAS WICKRAMANAYAKASRI Lankan glove manufacturer Dipped Products Ltd has acquired a controlling interest in its European distributor ICO Guanti Spa, of Genoa, Italy. The payment of shares valued at US$855,000 (SL Rupees 81 million) is being funded from the company's export earnings, Dipped Products told the Columbo stock exchange. ICO holds several brands sold in Italy, Switzerland and France. Dipped Products is one of the fourth largest non-medical glove manufacturers in the world. ICO Guanti was established in l968 and has been closely associated ...
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