Florida Food Products completed the acquisition of T-Bev from Swander Pace Capital.

Florida Food Products, a manufacturer of healthy, natural, clean label ingredients, completed the acquisition of 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, from Swander Pace Capital, a private equity firm specializing in consumer product companies. Financial terms were not disclosed. "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. Additionally, our ability to partner with and leverage the Swander Pace portfolio was integral for the success of the T-Bev investment," Daniel Muth, T-Bev Executive Chairman.