Newport Beach-based Systm Foods announced the acquisition of Austin-based Chameleon Organic Coffee from Nestlé USA Inc. today.
The food and beverage brand platform, a partnership between Systm Brands and PowerPlant Partners, prioritizes quality ingredients, environmental sustainability, and social responsibility within its brand portfolio.
“We look forward to supporting Chameleon in this next phase of growth, investing in new products, and expanding distribution globally to bring its delicious, consciously-crafted cold-brew coffee to even more consumers everywhere,” Systm Chief Executive Andy Fathollahi said in a statement.
Fathollahi was previously CEO of tech accessory company Incipio in Irvine.
“The brand has experienced significant growth over the past few years and its social goals align perfectly with our beliefs as investors. We can’t wait to provide the team all the support they need to energize and accelerate the brand’s vision and growth,” Founding Partner of PowerPlant Partners, Mark Rampolla, said.