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Nestle buys Chameleon Cold-Brew coffee

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Nestle buys Chameleon Cold-Brew coffee

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LONDON (Reuters) – Nestle <NESN.S> announced its second small coffee acquisition in two months on Friday, buying United States-based Chameleon Cold-Brew as it seeks to bolster its world-leading coffee business. The maker of Nescafe and Nespresso said Chameleon, based in Austin, Texas, is the No.1 organic cold-brew brand in the United States. In September Nestle announced a deal for Blue Bottle Coffee.

(Reporting by Martinne Geller; Editing by David Goodman)
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