Everton Expands North American Footprint with Eastern Tea Acquisition

Everton, a Clessidra-controlled entity specializing in the tea, herbal tea, and infusion sector, has successfully completed the acquisition of Eastern Tea, a leading U.S.-based producer operating in the retail and foodservice channels. Represented by Spayne Lindsay & Co. for M&A and Chiesa Shahinian & Giantomasi for legal matters, Eastern Tea, headquartered in New Jersey, is renowned for its branded and private-label tea products across North America. The family-operated business, deeply embedded in the North American tea market since 1982, will continue its operations under Everton's strategic guidance while leveraging the global scale offered by Everton. This acquisition not only strengthens Everton’s footprint in North America but also promises synergies in sourcing, distribution, and commercial innovation, placing it among the global leaders in the tea sector. KPMG provided tax and financial advisory services to Everton, and legal matters were overseen by Studio Pellegrini e Mendoza. Clessidra’s Managing Director, Rebecka Swenson, emphasized the strategic expansion effort and the growing international presence of Everton.