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Expansion Wire

eaterteavana612.jpgAtlanta-based Teavana closed a $26.9 million deal to buy out Canadian company Teaopia on Monday. Teavana sells looseleaf teas and made-to-order hot and iced drinks in what they call a "part tea bar, part tea emporium" environment. This is the company's first major acquisition since going public last year. [Atlanta Business Chronicle]