Historical Background
The company had its beginning in 1848 when the partnership was founded
by two pioneering individuals, namely Edward J Darley, and Samuel Butler.
The
then business activities were diversified, and covered estate agencies,
commission agents, imports/exports, ship chartering, etc.
In
1920 the then partnership was converted to a limited liability company,
and continued its business of being a primary exporter of tea and local
produce. It is noteworthy to mention that Darley Butler is the first
recorded exporter of coffee from Ceylon, as it was then known.
With
the decline in the export business, the company shifted its focus to
imports, local sales and distribution of consumer products.
With
the acquisition in 1967, the company became a wholly owned subsidiary
of E B Creasy & Company Ltd, which is listed in the Colombo Stock
Exchange. E B Creasy's core activities encompass manufacturing, general
trading, hardware trading, clearing, and forwarding. Through its other
subsidiaries, its interests extend into the leisure sector, plantation
sector, and marketing of agro chemicals, decorative paints, etc.
|