Coca-Cola is planning to buy bottled tea and juice company Honest Tea
Posted on January 19, 2011 at 13:54 PM EST
Coca-Cola (KO) is planning to buy Maryland-based bottled tea and juice company Honest Tea. Coca-Cola bought a 40 percent stake in Bethesda, Maryland- based Honest Tea in 2008 to tap into demand for healthier beverages amid soft-drink volume sales declines. The company has also invested in Innocent Drinks, a maker of fruit smoothies, and coconut-water maker [...]