According to a reliable business source, Browns Investment PLC will complete their first investment in Kenya’s tea industry in the coming months. The value of the transaction has not yet been disclosed.
In 2021, Browns acquired Finlay’s Sri Lanka tea estates business.
Finlays announced an agreement they have reached to sell James Finlay Kenya tea estates to Browns Investment PLC. Finlays is a leading global supplier of tea, coffee, and botanic ingredients and solutions in Sri Lanka.
According to the information, the full sale is expected to be completed in the coming months and will include a portion of James Finlay Kenya Ltd except for the Saosa tea extraction facility.
A brown is part of the LOLC Holdings PLC group of companies, which is controlled by Ishara Nanayakkara and is one of Sri Lanka’s largest and most profitable listed corporations. Maturata Plantations, Hapugastenne Plantations PLC, and Udapussellawa Plantations PLC are among the company’s plantation holdings.
It is one of the largest tea producing companies in Sri Lanka, with 49 individual estates spanning over 30,000 hectares and employing over 10,000 people.
According to market sources, once the sale is completed, Browns intends to continue operating the business as a leading global supplier of Kenyan tea under a new name. Current James Finlay Kenya employees’ employment arrangements will not change.
