Typhoo Tea rescued by vape maker Supreme

Typhoo Tea has been rescued by vape maker Supreme which can purchase the corporate for £10m.

The 120-year-old teamaker fell in to administration in November as its gross sales slumped and money owed rose.

The brand new proprietor stated the deal retains Typhoo “in British fingers” however that manufacturing will probably be moved overseas.

Manchester-based Supreme makes the e-cigarette model 88Vape and distributes nicotine and residential merchandise to supermarkets.

“Typhoo is such an iconic model,” stated Supreme chief government Sandy Chadha. “I grew up with Typhoo. Ingesting it and watching the ‘you solely get an OO with Typhoo’ adverts with Su Pollard from Hello-di-Hello. That was my period.”

He stated the acquisition was a part of Supreme’s technique to diversify the agency’s choices. Though it doesn’t at present personal a tea model, it does work with manufacturers of soppy drinks, gymnasium dietary supplements and multivitamin gummies.