Tata Tea looking for expansion abroad
India's Tata Tea has announced at the company's annual general meeting that it is looking for strategic mergers and acquisitions in the US and Russia to strengthen its presence abroad and access new customer segments. Tata Tea, which owns 42 brands in 45 countries, has acknowledged its transformation from a plantation to a global beverage company and stated plans to further expand into FMCG markets such as juice manufacturing, as well as a possible name change to better reflect the current complexion of the company. Tata Tea, owned by Tata Group, is the world's second largest manufacturer and distributor of tea.