Keells Food Products PLC (COSE:KFP-N-0000) agreed to acquire all the assets and manufacturing facility of D&W Foods Limited from Kipco-Damaco N.V. for LKR 700 million on June 25, 2012. The transaction will be financed by rights issue of Keells Food Products of LKR 1.02 billion. The transaction is subject to approval of shareholders of Keells Food Products. As on July 31, 2012, the shareholders of Keells Food Products approved the deal. Keells Food Products PLC (COSE:KFP-N-0000) completed the acquisition of all the assets and manufacturing facility of D&W Foods Limited from Kipco-Damaco N.V. on August 1, 2012. The agreement for the acquisition was also signed on August 1, 2012. An amount of LKR 350 million was paid on completion and the balance consideration of LKR 350 million will be paid on the execution of the lease of the facility by the Government of Sri Lanka.