Shore Capital Partners, iTi Tropicals Announce Partnership
The next step is for iTi to join a new Shore Capital Innovation platform and form a strategic partnership with BevSource, an existing Shore portfolio company
Shore Capital Partners completed a partnership with iTi Tropicals, Inc. Founded in 1988, iTi has experienced growth under the leadership of president Gert van Manen and his team.
“We couldn’t be more excited for our customers, suppliers, and employees as we enter this partnership with Shore Capital. We believe the product suite, innovation expertise, and depth of resources Shore Capital has brought together with iTi and BevSource will allow us to bring even more value to our partners in the market,” van Manen said in a statement.
The next step is for iTi to join a new Shore Capital Innovation platform and form a strategic partnership with BevSource, an existing Shore portfolio company. BevSource, founded in 2002 by CEO Janet Johanson, offers a full range of operational and support services to beverage entrepreneurs and brand owners of all sizes. iTi has an extensive portfolio of plant-based products, and is a leading supplier of tropical fruit juices, purees, and concentrates. The partnership brings together BevSource’s leading production management expertise, ingredient and packaging sourcing, and formulation services with iTi’s expertise in unique juices and related applications to provide a more comprehensive suite of solutions for a blue-chip customer base.
“Both BevSource and iTi will benefit a great deal from this partnership as we expand our suite of services and broaden our product offering. This is a significant step in our vision to build a one-stop shop for ingredients sourcing, packaging sourcing, and value-added supply chain solutions to entrepreneurs and established operators in the food and beverage industry,” said Johanson.
Richard Boos, chairman of BevSource and Partner at Shore, commented, “Shore is thrilled to welcome iTi as a cornerstone of our food and beverage supply chain solutions platform. iTi is an immensely strategic addition to the platform, adding significant new capabilities, expertise, and deep customer and supplier relationships in the beverage industry while also expanding the platform’s reach into food end-markets. We look forward to partnering with management to continue growing these two best-in-class businesses into a leading provider of ingredients, packaging, and value-added supply chain solutions to the food and beverage industry.”
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