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In 1986 the Adam Group bought controlling interest of Ceylon & Foreign Trades Plc. (CFT) which was established in 1949 and became a publicly quoted company in 1978. The Company, which began operations by exporting traditional Ceylonese commodities gradually, expanded and consolidated its status as an import/export house of repute.

A major development following increasing activity of the Company was the broad basing of its ownership and it assumed the status of a Public Limited Liability Company in 1978. The Company’s major exports were Tea, Rubber and Coconut during the first and second phases of its operations, which were also the major export products of the Country.

During the last one and half decades, the CFT group diversified its operations to enter the field of spice and desiccated coconut exports. The export trade forms the backbone of the country’s economy and it is with justifiable pride that CFT could claim to be a stakeholder in the task of earning vital foreign exchange for the country for decades. In addition to being an exporter, the other main businesses of CFT can be categorized as property development and share trading. CFT is one of the largest cement importers in Sri Lanka.

CFT, the flagship company has a subsidiary which is a freight forwarding company and an associate company which is a public quoted company, On’ ally Holdings PLC well known as Unity Plaza.

During the year company continued with its development plan in inaugurating CFT consumer division in January 2011, for import and distribution of FMCG products. CFT consumer is the sole agent for ARS brand pest control products, Parachute the world’s largest packaged coconut oil, Aquawipe a high quality wet wipe Range and Saffola cooking oil which is well known to reduce cholesterol levels.

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