Florida Food Products has reached an agreement to acquire Javo Beverage Company, subject to customary closing conditions. Javo is a leading natural extractor of clean label coffee, tea and botanicals with a focus on beverage applications.
Javo is recognized for its capabilities of delivering cold brew coffee solutions to consumer brands, manufacturers and restaurants.
”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 product launches,” said Jim Holdrieth, CEO of Florida Food Products. “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.”
Florida Food Products is a large independent provider of clean label ingredients and the company’s portfolio focuses on natural solutions. FFP’s portfolio of natural ingredients has applications across every segment of the food and beverage industry, along with a growing presence in the health and wellness category.
The company’s products provide improve texture and flavor, extend shelf life and provide consumers with clean label and natural products.
In 2021, Ardian, a private investment house, acquired a majority stake in Florida Food Products from MidOcean Partners and established a new partnership to accelerate its long-term growth objectives. Under this partnership, Florida Food Products has completed the acquisition of Comax, T-Bev and Javo. With the support of the Ardian and MidOcean teams, FFP has more than doubled over the last year, with revenue approaching $300 million.
”Javo is an impressive organization, which will play a critical role in our continued expansion in the beverage category. Javo’s innovative products complement FFP’s portfolio of natural ingredients and will position the company for accelerated growth,” said Christopher Sand, managing director, Ardian.
“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 transaction is anticipated to close in the third quarter of 2022. Houlihan Lokey acted as the exclusive financial advisor to Javo. Terms of the transaction were not disclosed.
For more information, visit floridafood.com.
