Eric Watson's US dairy venture changes tack with planned iced tea merger

Thu, 08 Jan 2015

By Paul McBeth Jan. 8 (BusinessDesk) - Eric Watson, the expatriate New Zealand businessman with a fortune estimated at $400 million in the National Business Review 2014 Rich List, is changing tack with his planned US dairy farming venture, which is to merge with an American iced tea maker. Waynesboro, Georgia-based Cullen Agricultural Holdings, of which Watson owns about 57 percent, has entered into an agreement to merge with iced tea manufacturer Long Island Brand Beverages, with a view to break into an increasingly fragmented ready-to-d...

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