Who Owns Honest Tea?
Honest Tea is an American beverage company that produces bottled teas and other related products. The company was founded in 1998 by Seth Goldman and Barry Nalebuff with the goal of providing delicious, health-conscious beverage choices.
Honest Tea’s Ownership History
Honest Tea has had a long and interesting ownership history since it was founded in 1998:
- 1998-2011: Honest Tea was an independent business owned by founders Goldman and Nalebuff.
- 2011-2017: Honest Tea was acquired by The Coca-Cola Company, a major global producer of beverages and other products.
- 2017-Present: Honest Tea is now owned by Unilever, a multinational consumer goods giant.
Unilever’s Acquisition of Honest Tea
In 2017, Unilever acquired Honest Tea from The Coca-Cola Company for an undisclosed sum. This acquisition allowed Unilever to add Honest Tea’s natural, organic, and health-conscious product line to its own offerings.
In the announcement of the acquisition, Unilever declared that the goal of the merger was to “create a portfolio of naturally healthy, great-tasting beverages that will meet the needs of modern, wellness-seeking consumers around the world.”
Conclusion
Honest Tea has had a long and interesting ownership history since it was founded in 1998. Most recently, the company was acquired by Unilever in 2017. Unilever’s acquisition allowed them to add Honest Tea’s natural, organic, and health-conscious product line to their own offerings.
