Private equity firm, Adenia Partners, has taken a controlling stake in Altilands SA, the parent company of Red Lands Roses, a grower with operations in Kenya, for an undisclosed amount.
Adenia Partners, through Red Lands’ management, now plan to increase roses production in Kenya by cultivating flowers in an additional 20 hectares of land, as it seeks to grow its revenues by increasing supply to meet the needs of its existing customers and new ones.
