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Lipton brews $96M deal to stay in Suffolk

Monday - 3/11/2013, 2:48pm  ET

SUFFOLK, Va. (AP) -- The parent company of the Lipton Tea is planning to invest more than $96 million to expand its Suffolk facility.

Gov. Bob McDonnell announced the investment from Unilever on Monday.

The largest tea processing facility in the U.S. employs nearly 300 in Hampton Roads.

The plant has been in operation since 1955 and produces nearly all of the Lipton tea bags sold throughout North America.

McDonnell approved a $1 million performance-based grant from the Virginia Investment Partnership program for the project.

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