Tata Tea acquisitions in Russia - 2015
Tata Tea to buy majority stake in Russian firm | Business Standard News (business-standard.com) Known for its acquisition-led strategy, India’s second-largest branded tea company Tata Tea has made inroads into Russia (after the US and UK) -- the world's third largest tea market by volumes. It has joined hands with the European Bank for Reconstruction and Development (EBRD) to acquire a 51 per cent controlling stake in Russian packaging and distribution company Grand. It, however, did not disclose the deal size. The move is aimed at fast-tracking its entry into the lucrative beverages segment and also strengthen its presence in the Russian beverages market. It was hardly a week back that Tata Tea, which also claims to be largest player in its segment by volumes, launched T!ON -- a tea- and fruit-based cold beverage to mark its entry into a Rs 4,000 crore segment that is growing at 35 to 40 per cent annually. Established in 1994, Grand is the second-largest importer of tea in Russia