Nicevend and Wissotzky tea, one of the world's renowned tea companies (founded in 1849) announces an investment and strategic collaboration agreement signed by both parties.
The agreement includes an equity investment made by Wissotzky in Nicevend as well as the development of a new line of tea based syrups including a unique and hi quality range of 35% real fruit drinks to be served frozen via Nicevend's quinzee vending machines as well as counter-top machines in the Ho.Re.Ca markets.
Udi Klier, CEO of Nicevend commented on the deal and stated that Nicevend welcomes Wissotzky as a new shareholder and believes that offering a line of high quality, branded, healthier rich fruit and tea based frozen drinks will revolutionize the frozen beverage market which usually lacks branded, premium drinks offerings.
About Wissotzky Tea
Wissotzky Tea is an international, family-owned tea company based in Israel with offices in London and the United States, founded in 1849 in Moscow, Russia. It has a market share in Israel of over 75%, all of its products are non GMO, non-staple, processed and packaged by automated machinery, meeting international ISO 22000, HACCP and GMP. Wissotzky recently entered the cold drinks market, launching an exciting luxury line of real tea based iced drinks. Visit www.wtea.com to learn more.
Nicevend is a food tech company that has developed an innovative technology for the automatic, on-demand preparation of TFB. The first application of this technology is the quinzee - a stand-alone, fully automated, on-demand preparation vending machine for TFB. Nicevend has the unique ability to provide an unprecedented variety of flavors and ingredients, including protein beverages, specialty teas, real fruit content and low-calorie and sugar-free for the preparation of a variety of TFBs. Visit www.nicevend.com to learn more.