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SLT meaning in Business ?

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Answer: What is Sweet Leaf Tea mean?

Sweet Leaf Tea Company is a producer of ready-to-drink organic teas and lemonades made with 100% pure cane sugar, owned by Nestlé and headquartered in the Penn Field Business Park in the South Congress area of Austin, Texas. It was founded in Beaumont, TX in 1998 by Clayton Christopher and David Smith. Sweet Leaf Tea is available in 16 oz recyclable aluminum cans, 16oz glass, 12oz PET and 20oz PET at specialty grocers across the United States.

On April 2, 2008, Sweet Leaf Tea Company announced $18 million in private funding from Catterton Partners. On May 29, 2008, Sweet Leaf Tea Company filed suit against an Arizona-based company for the name of their sweetener, SweetLeaf Stevia. On March 23, 2009, Nestlé Waters North America made a $15.6 million investment in Sweet Leaf Tea. It acquired the rest of the company in 2011.

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