Bevolution Group announced its acquisition of Tropics® Mixology, which has become a well-known player in the premium cocktail mix and smoothie category.
Tropics® Mixology's high-quality, innovative product portfolio enjoys strong brand equity in the restaurant, convenience store and hospitality segments, serving customers in the continental U.S., the Caribbean and internationally. The Tropics® broad line of premium beverage mixes complements Bevolution Group's already robust selection of shelf-stable and frozen juices, juice-based drinks, cocktail mixes, lemonades, energy drinks, teas, flavor shots, thickened & enhanced waters, and other beverage products.
The Tropics® product portfolio includes frozen and shelf-stable cocktail and smoothie mixes, frozen purees, caffeinated beverages, as well as bases and ingredients. Tropics® 100% Natural Infusions offers a wide range of frozen drink mixes utilizing only the highest quality fruits and ingredients. The Tiki Tropics®line of shelf-stable cocktail mixes satisfies demand for market leading tropical flavors, while Coco Tropics® offers the finest cream of coconut for smoothies, cocktails and baking applications. Tropics® Refreshers provides an all-natural option for consumers looking for a refreshing caffeine alternative to classic coffee beverages. The product portfolio also includes a line of IQF fruit and dairy-based coffee powders.
"We are excited about adding Tropics® Mixology to our portfolio," said Sam Lteif, Bevolution Group's Chief Executive Officer. "With this acquisition, we have already started delivering on our promise to continuously grow our product selection to meet customer needs. Tropics® has provided delicious frozen cocktail bases and smoothies to the foodservice industry for over 10 years with a continued focus on innovation and new product development. We see a lot of exciting growth opportunities for this product line, and will dedicate significant resources to build upon its success."
Alex Guiva, Chairman of Bevolution Group, commented, "Bevolution Group is a robust beverage platform focused on customer service, innovation and consumer trends. Following the acquisition of Lemon-X earlier this year, we are enhancing our product selection again with the acquisition of Tropics®, which we view as a perfect fit for our strategic vision and capabilities. We will continue our proven model of supplementing organic growth with strategic acquisitions, and will search for additional M&A opportunities to enhance our market position, expand product offerings and grow our geographic presence."