NEW YORK – Florida Food Products has agreed to acquire Javo Beverage Co., a company that uses proprietary technology and product development processes to create coffee, tea and botanical extracts for the food and beverage industry.
Formed in 2001, Javo operates a 65,000 square foot production facility at its headquarters in Vista, California, and a 240,000 square foot factory in Indianapolis. The Company offers ingredients for beverages such as ready-to-drink beverages, coffee (including cold brew coffee), tea, alcoholic beverages, and soft and functional beverages, as well as other items such as dairy products and dairy alternatives, baked foods, desserts. , savory products, ice cream and novelties.
“Javo’s best products are backed by a talented team and unique manufacturing capabilities that will drive a series of innovative new product launches,” said Jim Holdrieth, general manager of FFP, Eustis, Florida. “As part of the FFP family, we are confident that Javo can offer our customers compelling new solutions that build on our extensive portfolio of own-brand ingredients.
The companies expect the transaction to close in the third quarter. Terms were not disclosed.
Ardian, a private investment company, in 2021 acquired a majority stake in FFP from MidOcean Partners and established a new partnership which subsequently acquired Comax Flavors and T-Bev Inc. Over the past year , FFP has doubled its revenue, now approaching $300. million.