FF&P sells tea business to Dutch trade player

Fleming Family & Partners (FF&P) acquired Clipper Teas in December 2007 for £25-30m.

The new owner, Royal Wassanen is a Dutch organic food company with revenues of €706m in 2011 and almost 2,000 employees. The company operates in France, Belgium, the Netherlands, Luxembourg, the UK, Germany and Italy.

Company
Dorset-based Clipper Teas is an organic and fair trade tea business. Its factory is located in Beaminster. The company was founded in 1984 and employs 90 people.

In 2011, the company recorded £16m in revenues.

People
David Barbour, co-head of private equity, led the exit for FF&P.

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• Topics
• Consumer
• Exits
• UK / Ireland