September 28, 2016 2:41 PM ET

Food Products

Company Overview of Tropicana Products, Inc.

Company Overview

Tropicana Products, Inc. produces and markets branded fruit juices. The company offers non-refrigerated and chilled juices and drinks, tropics, pure premium juices, lemonades, and juice-based beverages. It provides products through grocery stores in the United States. Tropicana Products, Inc. was formerly known as Fruit Industries, Inc. and changed its name to Tropicana Products, Inc. in 1957. The company was founded in 1947 and is based in Chicago, Illinois. As of August 25, 1998, Tropicana Products, Inc. operates as a subsidiary of Pepsico, Inc.

555 West Monroe Street

Chicago, IL 60661

United States

Founded in 1947

Phone:

312-821-1000

Fax:

312-821-1550

Key Executives for Tropicana Products, Inc.

Tropicana Products, Inc. does not have any Key Executives recorded.

Tropicana Products, Inc. Key Developments

Tropicana Launches New 100% Juice with Probiotics

Tropicana announced the launch of Tropicana Essentials Probiotics, a new 100% juice with probiotics. Tropicana Probiotics is available in three delicious flavors: Strawberry Banana, Pineapple Mango and Peach Passion Fruit. Tropicana Probiotics is a 100% juice with one billion live and active cultures per serving available in three delicious flavors: Strawberry Banana, Pineapple Mango and Peach Passion Fruit. Combining the goodness of 100% juice with the functional benefit of probiotics, each eight-ounce serving contains more than the recommended daily value of Vitamin C and has no added sugar, preservatives or artificial flavors. Tropicana Probiotics is a delicious, accessible, nutritious and convenient way for consumers to get more probiotics into their daily routine. Tropicana Probiotics will be available in multi- and single-serve sizes next to other refrigerated juices nationwide in early 2017, with limited early distribution in select retailers in October of this year.

Tropicana Announces Unaudited Production and Earnings Results for the Six Months Ended June 30, 2016

Tropicana announced unaudited production and earnings results for the six months ended June 30, 2016. For the period, gross profit was $39 million. For the period, production was 137,000oz at a cost of sales of $132 million and a total cash cost of $704/oz for the six months ended 30 June 2016, compared to 167,000oz at a cost of sales of $127 million and a total cash cost of $476/oz in the same period last year. Production was lower due to the planned end to grade streaming in December 2015, which meant the head grade was 27% lower in the first half of 2016 compared to the corresponding period in 2015. Costs increased compared to the same period last year, primarily due to lower production and inventory movement, with 19% more ore mined. The plant optimisation project remains on schedule for completion in September and the plant achieved a record throughput rate of 7.28 Mtpa in May and June.

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