May 2, 2022
Swander Pace Capital Completes the Sale of T-Bev, Inc. to Florida Food Products
San Francisco, CA and Bedminster, NJ (May 2, 2022) – Swander Pace Capital (“SPC”), a leading private equity firm specializing in consumer product companies, announced the sale of T-Bev, Inc. (“T-Bev”), 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, to Florida Food Products (“FFP”).
Since being acquired by SPC in June 2021, T-Bev has benefited from significant investments in innovation, sales, and operational infrastructure. As the demand for natural, organic and clean-label ingredients continues to grow, T-Bev has emerged as a leading player in the functional ingredients category.
“We’ve been able to build on the T-Bev legacy with the successful launch of several exciting new growth opportunities over the last year,” said Daniel Muth, Executive Chairman of T-Bev. “Additionally, our ability to partner with and leverage the Swander Pace portfolio was integral for the success of the T-Bev investment.”
“It has been a real privilege to partner with Dan Muth, Anson Gu, and this incredible company as we expanded its presence across new and existing customers to help accelerate growth,” said Mo Stout, Managing Director at Swander Pace Capital. “We’re excited to watch the company thrive as it enters this new chapter with Florida Food Products.”
T-Bev represents Swander Pace Capital’s third completed food ingredient investment. Prior investments in the food ingredient category include International Fiber Corporation and Fleischmann’s Vinegar. Going forward, SPC will continue to seek opportunities in the functional ingredients category to leverage its experience and expertise.
T-Bev is a manufacturer and distributor of natural and organic caffeine and functional botanical extracts. The Company creates high quality formulations for the food and beverage and dietary supplements industries, supplying tea, natural and organic caffeine and other value-added ingredients to businesses looking to utilize clean-label ingredients. For more information, visit www.t-bev.com.
About Swander Pace Capital
Swander Pace Capital (“SPC”) is a private equity firm that invests in companies that are integral to consumers’ lives. Representative present and historical investments include Mommy’s Bliss, Renew Life, Bragg Live Food Products, Swanson Health Products, Clarion Brands, Aden & Anais, HALO, Merrick Pet Care, Kicking Horse Coffee, Fleischmann’s Vinegar, Patriot Pickle and other leading companies. The firm partners with management teams to help build companies to their full potential. With offices in California, New Jersey, and Ontario (Canada), SPC has invested in more than 55 companies and raised cumulative equity commitments of approximately $1.8 billion since 1996. For more information, visit www.spcap.com.