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Honest Tea to Stay in Control

March 1, 2008: 12:00 AM EST
Honest Tea says it will keep control of its board of directors, despite Coca-Cola buying a 40 percent stake, and will continue as an organic producer. The Atlanta Journal-Constitution says the price was $40 million. Honest Tea, with $23 million sales in 2007, has grown 60 percent to 70 percent annually for several years.
Mitchell Clute, "Honest Tea Impact Could Rise with Coke Sale", Natural Foods Merchandiser, March 01, 2008, © 2008 New Hope Natural Media
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