Lipton Teas and Infusions offloads Türkiye factories

Core Insights - Lipton Teas and Infusions has sold two factories in Türkiye to local tea business Öz-Gür Çay as part of its strategy to focus on core strengths [1][2] - The factories, located in Rize, specialize in drying and cutting locally grown tea, with financial terms of the deal undisclosed and pending approval from Türkiye's competition authority [1][2] - Lipton has recently invested €30 million ($35 million) in a new blending and packaging facility in western Türkiye, which will continue to process tea from the Rize factories [3] Company Developments - The sale aligns with Lipton's global strategy of concentrating on selecting, blending, and selling tea, while transferring ownership to an experienced partner [2] - In May, JDE Peet's sold its tea business in Türkiye to Efor Holding, indicating a trend of resource optimization within the industry [4] - Marc Busain, a former Heineken executive, has recently taken over as CEO of Lipton, succeeding Pierre Laubies, who returns to the supervisory board [4]