Acomo acquires foothold in Indian tea market
2 February 2016
Amsterdam Commodities N.V. (Acomo), the Euronext Amsterdam-listed spices, nuts, tea and food ingredients trading group, has taken its first step into the Indian market via subsidiary Van Rees Group (VRG). A newly established VRG subsidiary has acquired the assets of Container Tea & Commodities (CT&C), which is based in Coonoor in India. The move, to be considered as a relatively small transaction, gives VRG its first physical presence in the world’s second largest tea producing nation.
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