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Florida Food Products, a leading formulator and producer of naturally sourced clean label ingredients, has reached an agreement to acquire Javo Beverage Company, a leading natural extractor of clean label coffee, tea, and botanicals with a focus on beverage applications.
Florida Food Products (FFP; Eustis, FL), a leading formulator and producer of naturally sourced clean label ingredients, has reached an agreement to acquire Javo Beverage Company (Vista, CA), a leading natural extractor of clean label coffee, tea, and botanicals with a focus on beverage applications. In 2021, a leading private investment house, Ardian, acquired a majority stake in FFP from MidOcean Partners, and established a new partnership to accelerate the company’s long-term growth objects. Under this partnership, FFP has also completed acquisitions of Comax and T-Bev. FFP has been able to scale dramatically with the support of Ardian and MidOcean Partners, more than doubling in size over the last year, with revenue approaching $300 million.
”We’re ecstatic for Javo to join the FFP platform. Javo’s best-in-class products are supported by a talented team and unique manufacturing capabilities that will drive a series of innovative new product launches. As part of the FFP family, we’re confident that Javo can offer our customers compelling new solutions that build on our deep portfolio of clean label ingredients,” said Jim Holdrieth, CEO of FFP, in a press release.
“Javo is an impressive organization, which will play a critical role in our continued expansion in the beverage category,” said Christopher Sand, managing director in the Ardian Buyout Team. “Javo’s innovative products complement FFP’s portfolio of natural ingredients and will position the Company for accelerated growth. We intend to continue our strategy of building the world’s largest independent provider of clean label ingredients by expanding our portfolio of best-in-class products, acquiring additional clean label ingredient businesses, and investing in our talented team, advanced facilities, and innovative pipeline.”
”The addition of Javo to the FFP platform is a continuation of the exceptional growth that we have seen since our initial investment in 2018, and further solidifies our position in natural beverage ingredients and solutions,” added Steven Loeffler, principal at MidOcean Partners. “Building upon the solid foundation we have established over the last four years, FFP is poised to dramatically increase its scale as it launches exciting new systems and expands into a series of high-growth adjacencies. We’re thrilled to continue our partnership with Jim Holdrieth, the FFP management team, and Ardian as we progress in this exciting new phase for FFP.”