Due to a decline in revenues and an increase in debt, the 120-year-old teamaker entered administration in November.
Supreme, a Manchester-based company, supplies supermarkets with nicotine and household goods and manufactures the e-cigarette brand 88Vape.
Since a large portion of its activities, both domestically and internationally, have been outsourced over the years, Typhoo now employs less than 30 people in the UK, mostly in sales and marketing.
Some of the biggest TV talents of the 1980s appeared in its advertisements, such as the late comedian and actor Frankie Howerd and the late presenter and singer Cilla Black.
“You only get a ‘oo’ with Typhoo” was one of its most iconic advertising slogans. Another popular ad had singer Su Pollard sipping tea on the seashore while being serenaded by horses.