Tata Group is exploring a merger of Tata Coffee and Tata Global Beverages (TGB) to improve efficiency and consolidate operations.
No decision has been made but executives said Tata Group is eyeing ways to strengthen its fast moving consumer goods line in a time of global consolidation.TGB chairman Harish Bhat told CNBC the company has a vision of “stronger brands” in tea, coffee and water. Growing the company’s share of the European market is a priority.
TGB refused to comment on the report. News reports of a merger first began circulating in 2012 but nothing came of it. The company said in 2014 that Tata Coffee “As far as the Tata Group is concerned, the beverage sector is already one unit.”