Typhoo Tea has issued an update ahead of the company closing its “ageing” blending and packing site on Merseyside.
In March, BusinessLive reported that the firm was to shut down its site in Moreton in June with the loss of up to 90 jobs.
At the time, Typhoo Tea it was “actively exploring” options for a new site and re-employment, but added that it will be at least one year before a suitable location is ready.
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The company added that the people who remain in the business would relocate to a hub to oversee the day-to-day management of the restructured organisation.
Now, Typhoo Tea has confirmed the Moreton site will close on July 6 while 85 people will be made redundant.
It also confirmed that its new hub will officially open in Birkenhead on July 3.
Typhoo Tea was taken over by Zetland Capital Partners in July 2021. The company’s brands also include Glengettie, Ridgeways, Heath & Heather, London Fruit & Herb, Lift, Melroses, Freshbrew and Red Mountain.
Its chief executive Des Kingsley stepped down a year ago to be succeeded by chairman Mike Brehme, the co-founder of Clipper Teas.
BusinessLive reported in July 2022 that the company said being taken over by a private equity firm will help it focus on its recovery with “new vigour” following an “extremely challenging” 18-month period.
The firm’s revenue totalled £54.5m for the 18 months to September 30, 2021, while its pre-tax losses were £10.4m. Those figures compare to the £53.1m in revenue it reported for the 12 months to March 31, 2020, and the pre-tax losses of £15.8m.
It’s financial results for the following year are expected to be published by the end of June.
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