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Alicia Wallace
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Third Street Chai and Cooper Tea Co., two Boulder County-based makers of concentrated beverages, have agreed to merge operations, company officials announced Thursday.

As a result of the transaction, both companies will operate independently under the DrinkWorks name, officials said. The financial terms of the agreement were not disclosed.

Officials said the merger is intended to leverage the manufacturing capabilities and distribution reach of both Boulder-based Third Street, a supplier of chai and lemonade concentrates under the Third Street and Pixie Mate brands, and Louisville-based Cooper Tea, which makes iced tea concentrates.

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