Family-owned Milo's Tea expands US operations [FOX Business Network]
Walmart Inc. (WMT)
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Source: FOX Business Network
Milo's Tea Company, an American beverage company backed by Walmart , opened a new $200 million manufacturing and distribution facility in Spartanburg, South Carolina, on Tuesday. This marked its fourth facility. The family-owned, women-led business headquartered in Alabama, has produced and sold iced tea and lemonade since 1946, the year it was founded by Milo and Bea Carlton. The company was established after Milo Carlton completed his service in World War II. While Milo's Tea started as a small business with one plant in Bessemer, Alabama, it's been rapidly expanding to keep pace with customer demand. The company's first plant opened in Alabama in 2002, but it quickly outgrew the facility. "Because of our explosive growth over the last decade, we realized that we needed another site," Milo's Tea Company CEO Tricia Wallwork told FOX Business. The company began a multiyear site selection journey and expanded to its second facility in Tulsa, Oklahoma, in early 2020. The company
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