Two distribution agreements pave way for Ringtons in the US
Ringtons tea, a British company specializing in doorstep delivery service, has signed two distribution agreements as part of its foray into the US tea market. The deal will see the 107-year-old brand distributed to consumer and wholesale markets on the East and West coasts. Ringtons reported significant growth last year, with sales reaching £47.3 million, or over $70 million, and profits growing by 26% to £4 million. The company, which employs about 500 staff across more than 20 sites in the UK, made significant investment in IT and production to meet rising demand from export markets. With deals already in place in Japan and Australia, Ringtons is turning its attention to the lucrative US market, worth more than $2 billion.