POLAND: Mokate buys Consumer, aims to increase tea market share
Leading Polish instant coffee producer Mokate has acquired 100% of Poland’s second largest tea producer, Consumer. Mokate is planning to invest PLN30m (US$7.5m) in the company after moving production from Consumer’s plant to Mokate’s headquarters in Ulstron. The investment is aimed at increasing its tea production market share beyond its current 18%.
Mokate is planning to invest PLN30m (US$7.5m) in the company after moving production from Consumer’s plant to Mokate’s headquarters in Ulstron. The investment is aimed at increasing its tea production market share beyond its current 18%.
Mokate currently controls a 70% share in Poland’s instant cappuccino market, reported Interfax.
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