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Tropicana Brands Group (/ ˌ t r ɒ p ɪ ˈ k æ n ə / TROP-ih-KAN-ə) is an American fruit-based beverage company. It was founded in 1947 by Anthony T. Rossi in Bradenton, Florida . Between 1998 and 2021 it was a subsidiary of PepsiCo .
Tropicana, which PepsiCo sold in 2021 to private equity firm PAI Partners, is now owned by joint venture Tropicana Brands Group, meaning its sales data are not publicly available; but according to ...
The Tropicana Brands Group spokesperson said, “Changes can take time, and after just a few months, we’re continuing to do what we can to help shoppers get accustomed to our new look.” The ...
PepsiCo announced it will sell Tropicana, Naked and other select juice brands to private equity firm PAI Partners. The company will net $3.3 billion in after-tax proceeds from the deal, and also ...
Beatrice Foods Company was a major American food conglomerate founded in 1894. [1] [2] One of the best-known food processing companies in the U.S., Beatrice owned many well-known brands such as Tropicana, Krispy Kreme, Jolly Rancher, Orville Redenbacher's, Swiss Miss, Peter Pan, Avis, Milk Duds, Samsonite, Playtex, La Choy and Dannon.
The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion [2] and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998. As of January 2021, the company possesses 23 brands that have over 1 billion $ each in sales annually. [3]
According to CNN, Tropicana’s sales dropped 19% by October, adding that the juice brand has lost around 4% of its market share since the change to Coca-Cola-owned Simply Orange.
In 1970, Tropicana orange juice was shipped in bulk via insulated boxcars in one weekly round-trip from Florida to Kearny, New Jersey. By the following year, the company was operating two 60-car unit trains a week, each carrying around 1 million US gallons (3,800 m 3) of juice. In 1978, Rossi retired and sold Tropicana to Beatrice Foods.