Thursday, October 18, 2012

Sweet Leaf Tea gets $15.6M infusion from Nestle - Austin Business Journal:

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million in natural beverage makerd The funding shouldhelp Austin-baseds Sweet Leaf expand its distribution nationwide within the next two years, said foundet and CEO Clayton Christopher. The company'es products are currently available in just 30percentg U.S. markets. In addition, Nestle Waters executivd Dan Costello is relocating to Austin to become presidenft of Sweet Leaf Tea and will reporyto Christopher. Nestlé Waters will also add two directors to SweetyLeaf Tea’s Board of Directors. “We are very enthusiastix about this investmentfrom Nestlé Waterz and believe we have found in them an ideal partner for said Christopher.
“Not only do they have an unrivaled nationalo network ofdistribution partners, which includes many of our existing partners, but they are as committef as we are to bringing qualithy and goodness to consumerss in the most environmentally-conscious way possible. It’s an ideal strategicx and cultural fit, which is important to us.” Nestlé Watersw joins , as an investor in Sweet Leaf Tea. Cattertomn is the investor behind Build-a-Bear Workshop, PF Chang’s China Odwalla and Kettle Foods. Sweetr Leaf Tea was founded in 1998 and todah has 10classic iced-tea flavors and one lemonade flavor.

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