Dhunseri Petrochem & Tea through its wholly owned subsidiary has agreed to acquire 100% share capital of Africa based Makandi Tea & Coffee Estates (Makandi Tea) and Kawalazi Estate Company (Kawalazi Estate) from Global Tea & Commodities by executing a share purchase agreement (SPA) with Global Tea & Commodities, Makandi Tea and Kawalazi Estate.
Makandi Tea and Kawalazi Estate in totality produce 94.50 lakh kgs of tea. In addition they also produce 4 lakh kgs of Macadamia and 1 lakh kg of Coffee beans.
Dhunseri Petrochem & Tea is the flagship company of the Kolkata based Dhunseri group belonging to Dhanuka family. The company is engaged in cultivation, manufacture and sale of tea with 11 tea gardens (all of them located in and around Assam) and manufacturing of PET resins.
