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Dhunseri Tea & Industries to acquire four tea gardens from Warren Tea for $12m.

Synopsis

Dhunseri Tea & Industries, a tea manufacturer, agreed to acquire four tea gardens from Warren Tea, a tea farmer, for $12m. Following the closure of the transactions, the Dhunseri group will have over 11m kg of tea of its own production, including 1 million kilograms of premium orthodox tea. The group also has tea plantations in Malawi, Africa, where 9m kg is produced.

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