Wessanen announces acquisition of Clipper Teas, UK market leader in Organic and Fairtrade Teas

Wessanen announces acquisition of Clipper Teas, UK market leader in Organic and Fairtrade Teas

ID: 120833

(Thomson Reuters ONE) -


Wessanen is announcing today its acquisition of UK-based tea and coffee company
Clipper Teas Limited.

Clipper is based in Dorset, UK and has reported revenue of GBP 16 million in
2011, employing around 90 employees. The Clipper brand is market leader in UK
organic and fair trade tea.

Clipper is a 100%-branded business which successfully stretches across the tea,
coffee and hot chocolate range. It has its own factory in Beaminster (UK). Its
products are sold across different channels such as grocery chains, health food
stores, foodservice and, increasingly, export. It has a full range of teas
including everyday, green, white, specialties and infusions. All products are
free from any artificial ingredients and it includes an entire range of fair
trade organic teas. Its instant and ground coffees are made with organic and
fair trade Arabica beans and its hot and drinking chocolate are also all organic
and fair trade.

From its foundation in 1984, Clipper has been focused on outstanding quality
provenance and ethics - with a strap-line of being 'natural, fair and
delicious'. Always innovative, it launched the very first fair trade tea back in
1994 and uses only natural unbleached teabags. The business was acquired from
funds managed by FF&P Private Equity Limited.

Piet Hein Merckens (CEO) comments: "Clipper is a very welcome addition to the
Wessanen brand portfolio, and its products are predominately in tea, one of our
core categories. Its position as the UK's favourite organic and fair trade tea
brand, as well as its clear potential in other markets across Europe, means that
it will enable us to further build towards our ambition of having the most
desired organic brands in Europe. We very much admire what the team at Clipper
have achieved and want to build on this, investing in the brand, blending and
manufacturing capability."





Clipper will be integrated into the UK businesses of Wessanen, which currently
includes Kallo Foods Ltd, which has natural and organic brands including Kallo
and Whole Earth. For more information on Clipper please visit www.clipper-
teas.com.

------
For more information
Carl Hoyer (VP Corporate Communications)
Phone   +31 (0)20 3122 140 / +31 (0)6 123 556 58
Email  carl.hoyer(at)wessanen.com /investor.relations(at)wessanen.com
------





Download the press release (PDF, 75k):
http://hugin.info/143317/R/1590636/499734.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Royal Wessanen nv via Thomson Reuters ONE

[HUG#1590636]


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Bereitgestellt von Benutzer: hugin
Datum: 01.03.2012 - 15:56 Uhr
Sprache: Deutsch
News-ID 120833
Anzahl Zeichen: 3242

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"Wessanen announces acquisition of Clipper Teas, UK market leader in Organic and Fairtrade Teas"
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