Ardian completed the acquisition of a majority stake in Florida Food Products from MidOcean Partners at a $1bn valuation.

Ardian, a French investment firm, completed the acquisition of a majority stake in Florida Food Products, a company that specializes in the creation and manufacturing of fruit and vegetable juice concentrates, from MidOcean Partners, an American private equity firm, at a $1bn valuation. “What we do at the end of the day is we enable food companies to deliver food to consumers that they’re demanding,” Jim Holdrieth, Florida Food Products CEO.