Under the nurturing care of L.H. Piyasena & Company Ltd., one of the largest construction Companies in Sri Lanka earning its reputation form far back as four decades, Foster and Reed (Pvt) Ltd, was founded in 1990 to cater the need of providing high quality services for water-related recreational facilities in Sri Lanka.

The company also has a division to provide solutions for industrial energy management through capacitor banks.

Within few years, it became the market leader for domestic and institutional swimming pools, mainly by providing excellent customer service to its clients, which is very rare in the trade. It moved onto the other related products such as saunas, steam cabins etc.

The company attracted not only clients but also the professional personnel in the relevant fields, making it even stronger, while the other companies in the same trade are dividing and mushrooming. It soon became the market leader for spas (Jacuzzies) after joining of a qualified professional of spas with international exposure, to its board.

The next to join the Foster & Reed family was a professional in the industrial water & waste water treatment, establishing a separate division for same.
With phenomenal growth, the company formed strategic alliances with best known equipment manufacturers in USA, UK, Germany, Australia, New Zealand, Greece, India etc. thus offering the latest technology to its clients.

The success of the company in Sri Lanka has seen it go beyond the shores of the nation, contributing to many prestigious construction projects in the Republic of Maldives, Madagascar etc.