Nestle Beverage to Buy Koala Springs Brands

Nestle USA Inc., the Glendale subsidiary of the Swiss food giant, said its Nestle Beverage Co. affiliate has agreed to acquire the brands and assets of Koala Springs International.

The price was not disclosed. Nestle said the all-cash transaction is subject to legal and regulatory approval.

Based in Fremont, Koala Springs markets carbonated fruit drinks, lemonades and teas. It will be integrated into the juice division of Nestle Beverage. The unit's other brands include Libby's Juicy Juice and Kern's Nectars.