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New deal to 'secure future' of Typhoo tea factory in Wirral

Liverpool Echo logo Liverpool Echo 05/05/2021 Rebecca Koncienzcy

Typhoo Tea has confirmed to the ECHO it has a new deal in place to "secure further investment" in its Wirral factory.

It is no secret that the 118-year-old company, which is owned by Indian conglomerate Apeejay Surrendra Group, has struggled in recent months.

Their 2019 accounts show pre-tax losses of £29.9m and in February 2020 the site in Moreton underwent a restructuring that put 55 full-time and 21 temporary jobs at risk due to what a spokesperson said at the time was against "the backdrop of an increasingly challenging trading environment".

With their 2020 account overdue, there was speculation by financial websites Typhoo Tea was being prepared for sale.

A spokesperson for Typhoo Tea told the ECHO : "We can confirm that following discussions between our shareholders regarding the share capital of Typhoo Tea Ltd, a new structure has been agreed.

"This agreement will secure further investment in the business to ensure a bright future for Typhoo Tea and its brands.

"More details will be confirmed once the agreement is finalised."

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Launched in 1903, the famous brand began making tea bags in 1967.

In 1978, production moved to the Moreton site from Birmingham, where it now packs 16,000 tonnes of tea each year, after receiving it from Kenya and Argentina.

In 2005, the firm was sold by Premier Foods plc to Indian conglomerate Appejay Surrendra Group.

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