India Tea Giant US Acquisition Not Confirmed
Although Indian tea giant Tata Tea is rumored to have concluded its negotiations to acquire the US specialty tea brand Good Earth, company executives with both companies have not yet confirmed that a deal has been solidified or a purchase actually gone through. Tata Tea is one of the largest tea companies operating globally and competes with mega-brands internationally. Should Tata successfully acquire one or more major specialty tea brands in the United States it will help jump-start the company in its efforts to leverage the company into the fastest growing specialty tea market.