Tetley

Tetley, a fully-owned subsidiary of Tata Tea Limited, is the world's second largest manufacturer and distributor of tea. Owned by India's Tata Group, Tetley's manufacturing and distribution business is spread across 40 countries and sells over 60 branded tea bags. It is the largest tea company in the United Kingdom and Canada and the second largest in the United States by volume.

• 1822 Two brothers, Joseph and Edward Tetley started to sell salt from a pack horse in Yorkshire.

• 1837 They started to sell tea as well and became such a success that they set up as tea merchants, Joseph Tetley and Co.

• 1856 The brothers relocated to London and set up Joseph Tetley and Company, Wholesale Tea Dealers.

• 1953 Tetley was the first company that launched tea in tea-bags in the United Kingdom.

The Tetley Group was created in July 1995 as a result of a buy-in management buy-out, when a group of investors bought what was then the world-wide beverage business from Allied Domecq. The Tetley Group was purchased by India's Tata Group in February 2000 for £271m.[5] It was one of the largest overseas acquisitions by an Indian company at that time. Tata Group is one of India's business conglomerates which encompass more than 90 companies including Tata Tea. The acquisition has greatly helped Tata Tea's business ambitions to become a global tea company. Moreover, as India continues to reduce import duties on tea, Tata Tea was able offset its reduced share in domestic market by its gains in Europe and North America.

After Tetley was purchased by the Tata Group in 2000, most of its business in Asia has been integrated with Tata Tea and the company plans to completely integrate its world-wide business with Tata Tea by 2006. The new merged group, Tata Tea Group, is the second largest tea brand in the world after Unilever

See Also

• [1] Tetley UK website

Sources of Information

• [2] Wikipedia