[2][3] In the 1930s Simon Arthur Wickramasingha (1902-1961) acquired a small factory that produced handmade biscuits from a local businessman called Williams.

Wickramasingha's four sons, N. P. (Pali), R. L. (Ranjith), M. P. (Mineka), and R. S. (Ramya), took over the business when their father died in 1961.

[4] In the 1960s the Ministry of Education, with the assistance of the US based organisation CARE, provided school children with a cup of milk and a bun as nutritional supplements to their midday meal.

However, due to the inability to maintain the quality of the bun, CARE began assessing alternatives, eventually settling on biscuits.

With the introduction of the second plant CBL introduced a range of biscuits to the market under the brand name Munchee.

[6] The company also purchased the Indian business Parry's Confectionary, based in Pondicherry, establishing a 100% owned subsidiary, Ritzbury India (RI).

CBL Foods enabled the company to establish a bakery line, producing cakes under the brand Tiara.

[9][10] Facing detrimental tariffs and poor distribution arrangements CBL dissolved Ritzbury India in 2003 and sold the manufacturing plant.

However, in July 2004 CBL purchased Bakemans, based in Patiala, once the third largest biscuit manufacturer in India, with a 13% market share.

This is a joint venture between Ceylon Biscuits Limited and SPAR Group Ltd South Africa.