28 February 2000
Tata buys Tetley tea

TATA Tea, part of the Bombay-based Tata conglomerate, has bought Britains Tetley tea for 271 million.

Tetley is a market leader in the UK and Canada and second in the USA.

As a prelude to the Tata deal, Tetley sold its US coffee interests.

Tata says it will eventually supply all of Tetleys requirements for north India tea, and immediately provide 40-50% of its Malawi tea requirements from south Indian plantations.