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Coffee giant Jacobs Douwe Egberts to acquire Turkish tea producer …

From www.dailysabah.com

Amsterdam-based beverage giant Jacobs Douwe Egberts (JDE) will acquire Turkish tea producer Ofçay, according to an official application submitted to Turkey’s Competition Board.

JDE’s Turkey branch will create a joint venture with Ofçay if the competition authority approves the sale.

“This partnership will open up new growth opportunities in the Turkish hot beverages space, create synergies for both companies through the combination of both JDE’s International dimension and
expertise in coffee with Ofçay’s local expertise in tea,” JDE said in a statement on their website.

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