Lipton Teas and Infusions facts for kids
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Formerly
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Ekaterra (2021–2023) |
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Private | |
Industry | Drink |
Predecessor | Unilever |
Founded | 2021 |
Headquarters |
,
Netherlands
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Area served
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Worldwide |
Key people
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Products | Tea |
Brands |
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Owner | CVC Capital Partners |
Number of employees
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17,000 (2024) |
Lipton Teas and Infusions is a company that makes tea and other herbal drinks. It is based in Rotterdam, Netherlands. The company started in 2021. Before that, it was a part of a bigger company called Unilever. When it first began, it was named Ekaterra. Unilever still owns some tea businesses in India and Indonesia. They also work with PepsiCo to make Lipton iced tea.
How Lipton Teas & Infusions Started
In November 2021, a company called CVC Capital Partners decided to buy this tea business. The sale was completed in July 2022. This meant Lipton Teas and Infusions became its own separate company.
Changes in Business
One month after the sale, the company announced a big change. They decided to stop selling their products in the Russian market. A spokesperson for Ekaterra said that the situation there made it hard for the company to grow its business.