E.B. Creasy & Company PLC completed the transaction and purchased the property situated at Gonawala, Sapugaskanda containing a total extent of A5-R1-P27.90 from related Company Lankem Ceylon PLC for a total consideration of LKR 600 million for expansion of production facilities and also to mitigate the Operational risks by setting up additional production lines at a separate location and develop the Company' s own storage facilities.