Lower than 5 years after being acquired by Nestlé USA, Austin, Texas-based chilly brew firm Chameleon Natural was acquired by SYSTM Meals.
Describing itself as “an impact-focused meals and beverage branding platform,” SYSTM Meals is a joint funding partnership that features California-based firms SYSTM Manufacturers and Powerplant Companions. .
In Could, SYSTM Meals acquired the RBBL model of plant-based “useful drinks,” together with a line of chilly brew espresso drinks.
Neither Nestlé USA nor SYSTM Meals disclosed the monetary phrases of the acquisition.
Previously generally known as Chameleon Chilly Brew, 12-year-old Chameleon has been a pioneer within the up to date chilly brew class.
Together with roasters/retailers like Blue Bottle and Stumptown, in addition to chilly brew specialists like Slingshot, Chameleon was one of many first manufacturers to undertake the dear ideas related to specialty coffees or “” “Third Wave” into RTD cold-phase merchandise.
Whereas specializing in licensed natural espresso, the corporate now presents chilly brew concentrates, RTD drinks in quite a lot of sizes, and roasted and complete beans.
“Along with an unimaginable product line, the model has skilled important progress over the previous few years, and its social objectives align completely with our beliefs as traders.” Mark Rampolla, Founding Companion of Powerplant Companions stated in an announcement of the acquisition at the moment. “We won’t wait to offer the workforce all of the assist they should energize and speed up the model’s imaginative and prescient and progress.”
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