Planning began in 1938, when Fan Hejun (范和钧) and Zhang Shicheng (张石城) led more than 90 tea staff to Fohai. The Fohai Experimental Tea Factory (佛海实验茶厂) was formally set up in September 1940 under the Republican-era Yunnan tea venture 云南中国茶叶贸易股份有限公司. Bombing during the war stopped production (1942 per Dayi; winter 1941 per the CTMA history). Production restarted in 1952. In 1953 the factory was renamed 云南省茶业公司西双版纳制茶厂 and then 勐海茶厂 (Chinese Wikipedia). Dayi's own timeline dates the rename to 1951, and the Sohu history lists 云南省勐海茶厂 from January 1963 and plain 勐海茶厂 from 1982.
Like the other state factories, it sold through the provincial tea branch under the state 中茶 mark. In the 1976 mark-number system its codes ended in 2. Exports went through Kunming until about 1984, and from 1999 the factory took orders on its own. The 大益 mark was first used in 1988 and registered in 1989. The factory was reorganised as 西双版纳勐海茶业有限责任公司 in 1996, and that company registered 大益牌 on 22 March 1995. So '1996' marks the change of corporate form, not private ownership. Privatisation came on 25 October 2004 (Chinese Wikipedia; Sohu says October 2004 under 云南博闻投资有限公司).
Jiemian says Wu Yuanzhi (吴远之), then a director of the listed 博闻科技, won the factory against Hongta Group for about RMB 100 million. Wu was chairman and president of 云南大益茶业集团 until his death on 19 December 2021. Dayi dates the formation of TAETEA Group to 2007. The craft was listed as national ICH in 2008 as 普洱茶制作技艺(大益茶制作技艺), part of item Ⅷ-151, and the brand was named a 中华老字号 in 2011. Trademark and counterfeit problems are long-running. In 2006 a trader from Anxi applied to register 大益 in Hong Kong, and Yunnan trade bodies mobilised to oppose it. In Taiwan, where 勐海茶厂 owns registration no.
01266906 ('大益設計圖') and gave an exclusive licence from 30 Sep 2016, customs at Keelung held 2,604 cakes imported from Malaysia in late 2019. The factory confirmed them as counterfeit, and the IP court awarded NT$1,302,000 on appeal (case 112年度民商上字第2號). In the 2007 crash, a 30 kg case of 7542 at Guangzhou Fangcun fell from RMB 22,000–23,000 to 17,000–18,000 on 20 April and below 10,000 by early June. Dayi cakes also trade as speculative 'financial tea' (Jiemian 2021).