Starbucks Coffee Co. (Nasdaq: SBUX) has agreed to acquire Teavana Holdings Inc. (NYSE: TEA), a company that sells tea, for $620 million.

Starbucks, based in Seattle, sells coffee. Teavana, headquartered in Atlanta, sells more than 100 kinds of loose-leaf tea through more than 300 stores. Teavana provides its customers with “teaologists” to educate them about tea.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.