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Investment Firm Ardian Acquires Majority Stake in Florida Food

  • MidOcean Partners keeps stake in natural food ingredient maker
  • Florida Food CEO says consumers don’t want synthetic chemicals
Florida Food Products specializes in processes such as food protection in cured meat and extraction of tea, coffee and vegetable juice. 

Florida Food Products specializes in processes such as food protection in cured meat and extraction of tea, coffee and vegetable juice. 

Photographer: Jeremy Piper/Bloomberg

Investment firm Ardian SAS has acquired a majority stake in Florida Food Products in a deal valuing the ingredient maker at more than $1 billion including debt.

MidOcean Partners, the existing backer of the food producer, will retain what the companies in a joint statement called a “significant” stake without providing further details of the terms.