Exponential seven-year growth with Hayleys signals unprecedented future value creation
Fentons Limited, a trusted engineering services provider with a legacy spanning over a century, has legally adopted the name and identity of Hayleys, Sri Lanka’s largest and most diversified conglomerate, as “Hayleys Fentons Limited”, marking a historic milestone in its journey.
For longer than a century, Hayleys Fentons has been a trusted engineering services provider as well as a household name, sought after for reliability, quality and service excellence.
The association between the two entities began in 2016 when Hayleys acquired a 75% equity stake in Fentons Limited, followed by an increase upto 99.98% ownership in 2023. The brand was repositioned as Hayleys Fentons in the same year, a strategic move to harness synergies, capitalise on collective expertise, and broaden market presence both locally and globally.
The legal transition to Hayleys Fentons Limited on 11th December 2023 culminated in the rebranding of the Company on 01st January 2024, from which point the Company will appear as Hayleys Fentons Limited in all contexts. The change reinforces an unified brand identity and strengthens the company’s presence across diverse industries, including Solar Power, ICT Systems, Electrical & Lighting, Fire Safety Solutions, Air Conditioning & Ventilation, Security & Communication, Uninterrupted Power Supply & Battery Backups, Facilities Management, Industrial Accessories Trading, Plumbing & Gas and Architectural Drawings & 3D Visualization.
The Hayleys Group is Sri Lanka’s leading diversified conglomerate, with extensive business interests across 16 business sectors and globally leading market positions in several key verticals. As a Group with unparalleled relationships across Sri Lanka’s supply chains, agricultural networks, distribution channels and customer segments, Hayleys is one of Sri Lanka’s largest value creators and most socio-economically impactful organisations.
Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said, “The timely integration of the Fentons brand and company with Hayleys represents a remarkable amalgamation, aligning profound legacies and capabilities. The exponential growth Fentons has experienced with Hayleys signals the immense potential for future value creation across the triple bottom line.”
Hasith Prematillake, Managing Director of Hayleys Fentons Limited, expressed enthusiasm about the milestone, emphasising the company’s dedication to excellence, innovation, and alignment with Hayleys’ esteemed values and standards. “
“Over the past four years, Hayleys Fentons has undergone substantial purpose-driven transformations. In 2023, we attained remarkable milestones: achieving 150 megawatts of solar rooftop installations, establishing ourselves as Sri Lanka’s premier leader in solar power; reaching a historic milestone of surpassing 1 billion in profit for the first time in our history in 2022/23; and being honoured with the Overall – Silver Award for business excellence at the National Business Excellence Awards. These are significant achievements in our journey, underscoring our company’s remarkable potential.”
“The new identity of Hayleys Fentons Limited signifies a new chapter brimming with promise for our stakeholders, reaffirming our dedication to our customers, partners, and the nation to expand our legacy and shape the future,” added Prematillake.
ENDS
Image Caption: Hayleys Fentons Limited Managing Director, Hasith Prematillake and Hayleys PLC Chairman and Chief Executive, Mohan Pandithage