James Finlay Kenya has sold its Kericho-based flower farm to Black Tulip Group for an undisclosed sum in order to focus on its tea and coffee operations.
Workers at the Lemotit farm in Londiani, Kipkelion East, which produces roses and cut flowers for the UK and European markets, will be laid off as a result of the sale.
“The sale of Lemotit farm marks the end of Finlay’s restructuring to focus solely on the beverage market,” said Stephen Scott, general manager of Finlay Flowers.
After receiving regulatory approvals, Black Tulip is expected to take over the business in six months.
Simeon Hutchinson, Managing Director of James Finlay Kenya, stated that the employees would continue to work.