M&A Deal Summary

Florida Food Products Acquires T-Bev

On May 2, 2022, Florida Food Products acquired consumer products company T-Bev from Swander Pace Capital

Acquisition Highlights
  • This is Florida Food Products’ 1st transaction in the Consumer Products sector.
  • This is Florida Food Products’ 3rd transaction in the United States.
  • This is Florida Food Products’ 1st transaction in Oregon.

M&A Deal Summary

Date 2022-05-02
Target T-Bev
Sector Consumer Products
Buyer(s) Florida Food Products
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition

Target

T-Bev

Eugene, Oregon, United States
T-Bev is a manufacturer and distributor of tea extracts, instant tea, natural and organic caffeine, and other botanical extracts catering to the functional beverage and dietary supplement markets. T-Bev was founded in 2015 and is based in Eugene, Oregon.

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Buyer(S) 1

Buyer

Florida Food Products

Eustis, Florida, United States

Category Company
Founded 1954
Sector Food
DESCRIPTION

Florida Food Products is a manufacturer of healthy, natural, clean label ingredients and is the market leader in the clean label cure market. Clean label cures are used for a wide variety of end market uses including packaged meat, food service, private label and branded CPG meats as well as premium pet foods. Florida Food Products was founded in 1954 and is based in Eustis, Florida.


DEAL STATS #
Overall 3 of 4
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Oregon) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Comax Flavors

Melville, New York, United States

Comax Flavors is a provider of clean label flavor solutions focused on the beverage & nutrition markets. Comax formulates natural ingredients that replace synthetic flavors and maintains a portfolio of nearly 1,000 natural flavor SKUs. Comax Flavors was founded in 1977 and is based in Melville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Javo

Vista, California, United States

Javo is a beverage company with unique food service and manufacturing capabilities. Javo is a natural extractor of clean-label coffee, tea, and botanicals with a focus on beverage applications. Javo was founded in 1987 and is based in Vista, California.

Buy -

Seller(S) 1

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.


DEAL STATS #
Overall 38 of 42
Sector (Consumer Products) 12 of 13
Type (Add-on Acquisition) 24 of 25
State (Oregon) 2 of 2
Country (United States) 32 of 35
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Max Solutions

New York, New York, United States

Max Solutions is a specialty packaging company that supports the healthcare and consumer segments. Max Solutions was founded in 2021 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Backerhaus Veit

Mississauga, Ontario, Canada

Backerhaus Veit is a producer of artisan, European-style breads, rolls, buns, and soft pretzel products for top-tier retail and foodservice customers across North America. Backerhaus Veit was founded in 1987 and is based in Mississauga, Ontario.

Sell -