Cooper Tea and Third Street Chai to merge operations
Cooper Tea Co. and Third Street Chai, makers of concentrated beverages, have agreed to merge operations. Third Street sells chai and lemonade concentrates under Third Street and Pixie Mate brands. Cooper Teas specializes in iced tea concentrates. The Boulder County-based companies hope to leverage their manufacturing capabilities and expand distribution. Both operate on different markets: Cooper Tea distributes primarily to the food service and convenience store channel, whereas Third Street is established in the retail sector. The companies will operate independently under DrinkWorks umbrella brand. Third Street has 22 employees and Cooper Tea has 18. The financial details of the deal were not disclosed.