Britannia Industries Planning Bid for Typhoo
Britannia Industries, a large British food and beverage company is reportedly preparing a bid to acquire Premier Foods Typhoo tea brand, the UK's third-largest tea brand. Should Britannia be successful in its acquisition attempt, it will follow in the footsteps of Tata Tea Ltd., which bought UK's Tetley for $432 million in 2000, becoming the world's second-biggest branded tea firm.