AccelPath acquires majority stake in Village Tea Company
AccelPath, a beverage holding company, announced the acquisition of a 70% stake in Village Tea Company Distribution, the parent company of the Village Tea Company brand. Headquartered in National Harbor, MD, Village Tea Company specializes in bulk and packaged loose-leaf teas and tea accessories. The company's founder, Martin Ekechukwu, will continue in his role as president and creative director, whereas Janon Costley will remain in place as CEO. According to AccelPath, Village Tea Company is well positioned to benefit from the growing US tea market and its immediate focus will be on leveraging existing distribution channels in grocery and hospitality. Financial details of the deal were not disclosed.