Nestlé Waters to Buy Sweet Leaf Tea

SN STAFF

STAMFORD, Conn. — As part of a move that will expand its portfolio of bottled water to include iced teas, lemonades and juice drinks, Nestlé Waters North America has signed an agreement to acquire the Sweet Leaf and Tradewinds beverage brands.

“With Nestlé Waters bringing increased capabilities, we will be able to offer Sweet Leaf and Tradewinds beverages to more people across the U.S.,” said Dan Costello, chief executive officer of the Sweet Leaf Tea Co., in a prepared statement.

Sweet Leaf's Austin-based staff will continue managing the Sweet Leaf and Tradewinds brands for future growth.