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Unilever Acquisition Of Australia’s T2 Adds Premium Line Of Teas To Its Portfolio

September 6, 2013: 12:00 AM EST
Unilever announced it will acquire Australian premium tea retailer T2, whose annual sales totaled about US$53 million in its most recent fiscal year. A Unilever executive, noting that T2 has been growing at a double-digit pace and “has great potential”, said that the deal will bring a premium tea business to the company’s portfolio, which includes Lipton and Bushells tea. T2 operates 40 stores and offers 200 fragrant teas and tea wares from around the world. The teas are also sold in restaurants globally. The acquisition price was not disclosed.
"Unilever to acquire T2 premium tea business in Australia", News release, Unilever , September 06, 2013, © Unilever
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