Typhoo Tea has secured a major investment from Zetland Capital and Abercross.
In a statement, the business management company announced that it has taken a majority shareholding, whilst current shareholder Abercross has increased its stake in the company.
“This deal marks a new era in the ownership of Typhoo Tea,” Typhoo chief executive Des Kingley said.
“It has secured a major investment that will enable us to reassert our brands both in the UK and internationally to deliver profitable growth.”
The brand will be using the investment to rebuild its business after a “challenging” two-year period.
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“We have plans in place that will result in the creation of new jobs across all areas of the business,” Kingsley continued.
“We are delighted that Zetland’s support will allow us to invest in our factory and ensure a bright future for the company.”
Zetland founder and chief investment officer Ahmed Hamdani added: “Typhoo Tea has a strong heritage and brand, having made tea in the UK for nearly 120 years.
“We are delighted to support Des and the rest of the team.
“Our partnership will enable investment at an important time for the company and we are confident that Typhoo can regain its reputation as one of Britain’s most loved brands and drive innovation in the sector.”
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