Nestlé Sells Organic Cold Coffee Brand

June 17, 2022
Nestlé USA has sold Chameleon, a brand of organic coffee, less than five years after buying it.

Nestlé USA has sold Chameleon, a brand of organic coffee, less than five years after buying it.

Founded in Austin, Texas, in 2010, Chameleon Organic Coffee claims to be “Austin’s original purveyors of bottled cold-brew coffee.” Their products also include ground and whole-bean coffee and concentrates. Nestlé bought Chameleon in 2017 for an undisclosed sum.

Now Chameleon is being sold to Systm Foods, a specialist in “sustainable, socially conscious” food & beverage products. Terms were not announced. Systm Foods is a joint partnership of “brand platform” Systm Brands and PowerPlant Partners, an investment firm specializing in plant-based foods and other sustainable products.

"Chameleon sits at the center of our company's investment ethos – premium products that deliver clean, great-tasting ingredients with a purpose," Andy Fathollahi, CEO of Systm Foods, said in a statement.

Sponsored Recommendations

Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...