2012-15 Extracts

Beverages & Food Chain

Finlays broadened the scope of its activities with a growing emphasis on extracts. The company became a leading supplier to the global food and beverage industry of ingredients and flavours extracted from tea, coffee and herbal sources. In 2012, Finlays acquired 20% of Damin Foodstuff, a Chinese mainland company that was the world’s largest producer of tea extracts; the shareholding was subsequently increased to 40%. In 2014, Finlays acquired 100% of Autocrat, a leading US-based manufacturer of coffee extracts and the following year, Finlays purchased 100% of Casa Fuentes, Argentina’s largest tea estate company - a key supplier of the black tea favoured as a primary ingredient by the ready-to-drink tea industry in the US.

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