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, Calif., and a 240,000-square-foot facility in Indianapolis. The company offers ingredients for beverages such as ready-to-drink beverages, coffee (including cold-brew coffee), tea, alcoholic drinks and non-alcoholic and functional beverages as well as other items like dairy and dairy alternatives, baked foods, desserts, savory items, ice cream, and novelties.
“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,” said Jim Holdrieth, chief executive officer of FFP, Eustis, Fla. “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.”
The companies anticipate the transaction will 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 that has gone on to acquire Comax Flavors and T-Bev Inc. Over the past year FFP has doubled its revenue, now approaching $300 million.