Bristol-based ethical tea brand Pukka Herbs has been bought for an undisclosed amount by UK food manufacturer, Unilever.
Founded in Hengrove by Tim Westwell and Sebastian Pole in 2001, the company has now sold over 1.5 billion cups of tea.
The pioneering British brand has a turnover of over £30m and growth of around 30%. It is also growing rapidly across Europe and the US. According to Euromonitor 2016, Pukka is the fastest growing organic tea company in the world.
The herbal, fruit and green tea market is currently worth €1.6 billion which trends suggest will become even more prominent globally in the future.
Unilever’s Refreshment Category President, Kevin Havelock, said: “Pukka has strong values and a clear purpose that aligns fully with our own sustainable growth model. There’s a clear strategic, philosophical and cultural fit for us.”
“Both of us believe in business being a force for good in society. Tim and Sebastian have cultivated Pukka into a successful business without compromising their ingredients or their ideals.
“The acquisition strengthens our tea business, addressing a gap in our portfolio. Pukka is a premium player in the natural, organic, health and wellness segment which is fast-growing, attractive and scalable. We look forward to bringing Pukka to even more consumers.”