Sri Lankan Browns buys multinational tea firm James Finlay

A tea plucking machine in operation at a tea estate in Kericho.  

Photo credit: File | Nation Media Group

Sri Lankan firm Browns Investment Plc has bought an undisclosed stake in multinational tea firm James Finlay Kenya in a deal that will see locals hold a 15 percent ownership through a co-operative.

Finlay, with farms in Kericho and Bomet counties, will also retain the Saosa tea extraction facility, which will be used to source and process green leaves from outgrowers.

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