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Thursday, October 13, 2005

Typhoo tea bought by Indian firm


Typhoo tea has been sold to India's Apeejay Surrendra Group for £80m ($140m) by its UK owner Premier Foods.
The deal will see Apeejay buy Premier's entire tea business, which also includes the London Fruit & Herb, Lift and QT brands.
Premier's tea blending and packing unit at Moreton, Wirral, which employs 249 people, is also included in the deal.
Typhoo - which was launched in 1903 - is the third-biggest tea brand in Britain, behind PG Tips and Tetley.
Premier Foods sells 23 million packets of Typhoo each year. The company said it would use the money from the sale to cut debts.
Original article

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