Nestlé Waters North America agrees to buy Sweet Leaf Tea Co.

Sweet Leaf Tea Co., an Austin-based beverage brand, is being acquired by Nestlé Waters North America Inc. Both brands have been involved since March 2009 when Nestle Waters made an initial investment in Sweet Leaf Tea. While the acquisition is still in progress, Sweet Tea managing staff ensures that they will still be in control of the brand. This new combination will expand the company's beverage porfolio of bottled water to include iced teas, lemonades, and juice drinks.

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