Tata To Grow Through Acquisitions
Indias super-conglomerate Tata Tea Ltd., which purchased London-based Tetley Group for $475 million a few years ago, may be scouting for additional acquisitions. With the global demand for black teas relatively soft, speculation is that Tata may be seeking to expand its market presence into specialty herbal, fruit and other novel tea markets. Market researchers report that the demand for specialty teas within the UK and USA are booming compared to conventional tea offerings. The profit margins for specialty teas are also reportedly luring Tetely Group into assessment of new tea markets and potential, tea-related acquisitions.