DTCF Advises on the Sale of Good Earth Teas to Tetley
Cross-border Consumer Products Deals Gain Momentum
Deloitte & Touche Corporate Finance LLC (DTCF) is pleased to announce its advisory role as the investment banker on an exclusive basis with respect to the strategic sale of Good Earth Corporation and FMALI Herb Inc. (collectively “Good Earth") to Tetley US Holdings Inc., a subsidiary of The Tetley Group Limited (Tetley).
This acquisition is an important contribution to growing Tata Tea Ltd’s (Tata) tea business globally, and gives Tetley a critical mass in the fast-growing specialty tea market in the U.S.
This transaction demonstrates DTCF's core competitive advantages. Our access to a global investment banking network through the Deloitte Touche Tohmatsu member firms and their affiliates allowed us to access senior executives at potential buyers in the U.S., Asia and Europe, and then execute a cross-border transaction selling a California business to a European/Asian buyer.
About Tetley and Good Earth
Good Earth Corporation owns the Good Earth brand which is licensed to FMALI Herb Inc. Good Earth is one of the fastest growing specialty tea brands in the U.S., with particular strength on the West Coast.
Tetley, headquartered in London, is a subsidiary of Tata. Tata is a public company listed on the Bombay Exchange and is the world’s second-largest branded tea company.
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