The acquisition -- which remains subject to regulatory approval and satisfaction of other customary closing conditions -- will expand Nestlé Waters’ portfolio of bottled water to include high quality iced teas, lemonades and juices.
It follows an initial investment by Nestlé Waters in the Sweet Leaf brand in March 2009.
Based on premium ingredients, and with a commitment to good health and great flavours, the Sweet Leaf Tea Company’s approach is in line with Nestlé Waters North America’s long history of providing healthy bottled water beverages.
The acquisition will bring Nestlé Waters’ increased capabilities to the company’s operations, allowing it to make Sweet Leaf and Tradewinds beverages available to more people across the United States.
From the May 9, 2011, Prepared Foods' Daily News