This acquisition, which remains subject to applicable regulatory approval and satisfaction of other customary closing conditions, will expand the company’s beverage portfolio of bottled water to include high-quality iced teas, lemonades and juice drinks.
The Sweet Leaf and Tradewinds brands’ combined sales totalled more than $53m in 2010. The Austin-led staff will continue managing these brands for further growth.
Source: Nestlé Waters North America
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