Lipton Teas and Infusions offloads Türkiye factories

Lipton Teas and Infusions has sold two factories in Türkiye to local tea business Öz-Gür Çay. The Netherlands-based group said the deal was in line with its efforts to focus “on our core strengths”. The factories, which dry and cut locally grown tea, are based in Rize in north-east Türkiye. Financial terms have not been disclosed. The deal remains subject to the approval of Türkiye’s competition authority. Istanbul-based Öz-Gür Çay markets a range of teas under the Öz-Gür brand. Just Drinks has asked th ...