Turkey: Lipton tea facilities to be sold Ozgur Cay
Lipton Teas & Infusions, the tea company owned by investment firm CVC Capital Partners, has announced a deal to sell its Turkish tea production operations to local manufacturer Ozgur Cay, The deal would sea the Netherlands-based business transfer control of two processing facilities in Rize, subject to approval from Turkiye’s Competition Authority. “An agreement has been reached […]
Netherlands: Lipton Teas and Infusions enters partnership with Browns
Netherlands-based Lipton Teas and Infusions, the tea business divested by Unilever formerly known as Ekaterra, and Sri Lankan conglomerate Browns have agreed a new partnership that will reportedly make the latter the world’s leading tea producer. The long-term agreement will see Lipton Teas and Infusions cede control of its tea estates in Kenya, Rwanda and […]