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05/03/2022

FFP Invests in Beverage Ingredient Company

The Florida-based flavor solutions company that works with private label brands has invested in T-Bev, a provider of beverage ingredients.
Zachary Russell
Associate Editor
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Florida Food Products (FFP), a manufacturer of clean label ingredients and flavor solutions, has announced an investment in T-Bev, a provider of natural ingredients focused on botanical extracts and tea related products.

The investment follows FFP’s launch of several new beverage solutions at the 2022 Beverage Forum, including ready-to-drink tea and beverage solutions.

Founded and led by Anson Gu, T-Bev is a leading provider of natural, functional ingredients to the nutraceutical and beverage markets. T-Bev’s Eugene, Ore. operations will serve as the foundation for FFP’s expansion on the West Coast, and will continue to be led by Gu. Going forward, Gu will have responsibility for FFP’s entire Human Nutrition business.

“We are incredibly pleased to welcome T-Bev into the FFP family,” said Jim Holdrieth, FFP’s president and CEO. “We’ve long admired T-Bev and are incredibly impressed by the business that Anson has built. Our investment in T-Bev marks our expansion into the nutraceutical market while extending our industry leading capabilities in tea related products. As we continue to build the FFP platform, Anson and T-Bev will play a critical role in our collective success.”

The investment represents the second add-on acquisition in five months under FFP's partnership with equity firms Ardian and Midocean Partners, leading to an expansion of FFP’s natural food ingredient capabilities.

“I could not be prouder of what the entire T-Bev organization has accomplished,” said Gu. “Our transaction with FFP reflects the hard work and dedication of our entire team. Going forward, FFP’s resources will allow us to enhance our operations, grow into new markets, and introduce innovative solutions for our customers. We’re excited to be part of the FFP growth story, and I look forward to partnering with the entire FFP team.”

Founded in 1954, FFP is a leading innovator, formulator and producer of natural and clean label ingredients. The company produces a wide array of natural, plant-based ingredients that improve texture, extend shelf life, enhance nutrition and enable great tasting consumer products.