STAMFORD, Conn. — Nestle Waters North America has inked a deal to acquire the maker of Sweet Leaf and Tradewinds beverage brands.
Nestle Waters said its acquisition of Austin, Texas-based Sweet Leaf Tea Co. — which was founded in 1998 — is subject to applicable regulatory approval and satisfaction of other customary closing conditions. The deal will expand the company's beverage portfolio of bottled water to include high-quality iced teas, lemonades and juice drinks.