ECONOMYNEXT – Sri Lanka’s Browns Energy Holdings, a subsidiary of Browns Investments, has purchased FLMC Plantations, the holding firm of Pussellawa Plantations and Melfort Inexperienced Teas, for 4.8 billion rupees.
The corporate executed a share sale and buy settlement Could 5 with Damro Manufacturing and Piyestra Furnishings performing because the sellers, it mentioned in a inventory trade filing.
“With this acquisition, the BIL Group will considerably increase its plantation footprint, complementing its current operations beneath Maturata Plantations Restricted, Udapussellawa Plantations PLC, Hapugastenne Plantations PLC and the not too long ago acquired Tea Smallholder Factories PLC.”
Pussellawa Plantations manages over 11,500 hectares throughout 24 estates comprising roughly 5,400 hectares of tea, 5,900 hectares of rubber and 200 hectares of minor crops, in response to the assertion.
The estates, positioned throughout Sri Lanka’s premium tea-growing areas, together with Pussellawa, Udupussellawa, Nuwara Eliya, Kandy, Ruhuna, and Sabaragamuwa, have an annual manufacturing capability of 4.3 million kilograms of made tea and a couple of.3 million kilograms of rubber.
“This consolidation positions the Group as the most important tea producer in Sri Lanka (based mostly on statistical data revealed by tea brokers) with an annual made tea manufacturing capability of roughly 17.5 million kilograms.”
Browns Investments has a rising worldwide presence within the tea trade with an annual international manufacturing of roughly 100 million kilograms of made tea by way of its subsidiaries in China, Kenya, Rwanda and Tanzania specifically Browns Plantation Guizhou Tea Firm Restricted, Browns Plantations Kenya Ltd, Limuru Tea PLC, Browns East Africa Plantations PLC (previously Lipton Teas and Infusions Kenya plc) Browns Plantations Rwanda Ltd (previously Lipton Teas and Infusions Rwanda Restricted), and Browns Plantations Tanzania Ltd (previously Lipton Teas and Infusions Tanzania Restricted). (Colombo/May6/2025)
