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

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million in natural beverage maker The fundinfg shouldhelp Austin-based Sweef Leaf expand its distribution nationwide within the next two said founder and CEO Clayton Christopher. The company's products are currentlyt available in just 30percent U.S. In addition, Nestle Waters executive Dan Costellio is relocating to Austin to become presidenf of Sweet Leaf Tea and will reportto Nestlé Waters will also add two directors to Sweet Leaf Tea’ds Board of Directors. “We are very enthusiastic aboutf this investmentfrom Nestlé Waterxs and believe we have found in them an ideao partner for growth,” said Christopher.
“Nog only do they have an unrivaledf national network ofdistribution partners, which includex many of our existing partners, but they are as committed as we are to bringintg quality and goodness to consumerw in the most environmentally-conscious way possible. It’s an ideao strategic and cultural fit, which is importantf to us.” Nestlé Waters joins , as an investofr in Sweet Leaf Tea. Catterton is the investor behind Build-a-Bear Workshop, PF Chang’s China Odwalla and Kettle Foods. Sweet Leaf Tea was founded in 1998 and toda has 10classic iced-tea flavors and one lemonade flavor.