EUSTIS, FLA. — Florida Food Products (FFP) has acquired T-Bev Inc., a Eugene, Ore.-based supplier of herbal and botanical extracts.
Founded and led by Anson Gu, T-Bev offers a range of functional ingredients, including caffeine from green tea, green tea extract, L-theanine extract, natural sweeteners and more. Its operations in Oregon will serve as the foundation for FFP’s West Coast expansion. T-Bev will continue to be led by Mr. Gu, who will assume responsibility for FFP’s entire human nutrition business.
Private equity firms Ardian and Mid Ocean Partners last year formed a partnership to accelerate FFP’s growth through increased investment in R&D and the completion of strategic acquisitions. The T-Bev deal is the second acquisition under the partnership. FFP late last yearacquired Comax Flavors.