Florida Food Products (FFP) has acquired Javo Beverage Company, subject to customary closing conditions. Javo is a natural extractor of clean label coffee, tea, and botanicals with a focus on beverage applications. Javo is recognized from its unique extraction capabilities that deliver cold brew coffee solutions for consumer brands, manufacturers, and restaurants.
 
FFP specializes in naturally-sourced clean label ingredients with applications across all segments of the food and beverage category, with a focus on growing its presence in the health and wellness category.
 
In 2021, Adrian, a private investment firm, acquired a majority stake in FFP from MidOcean Partners, and established a new partnership to accelerate FF’s long-term growth objectives. Under this partnership, FFP has completed the acquisition of Comax and T-Bev prior to Javo. FFP has more than doubled in scale over the past year, with a revenue approaching $300 million, the company reports.
 
“We’re ecstatic for Javo to join the FFP platform,” said Jim Holdrieth, CEO of FFP. “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.”
 
“Our investment in Javo is a testament to the differentiated capabilities and resources that Ardian has brought to the FFP platform,” said Thibault Basquin, deputy head of the Ardian buyout team. “As we move forward, the FFP team will be able to leverage further our extensive experience in the ingredient sector to efficiently evaluate new opportunities and be the buyer of choice for natural ingredient businesses.”
 
“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 will 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,” Steven Loeffler, principal at MidOcean Partners, said. “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.”