Tropics Mixology
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Tropics Mixology - overview
Location
-, FL, US
Primary Industry
Consumer Products
About
Tropics Mixology is a beverage company that specializes in creating innovative cocktail and mocktail mixers, enhanced waters, and juices, catering to both health enthusiasts and social drinkers. Tropics Mixology produces a variety of beverage products including cocktail mixers, mocktail mixes, and enhanced waters. The company is headquartered in Delray Beach, US. In November 2015, Bevolution Group acquired Tropics Mixology, though financial terms were not disclosed.
The founder's history is not available, nor are any subsidiaries or notable pivots in business strategy mentioned. Tropics Beverages specializes in a diverse range of beverage products, primarily focusing on cocktail mixers, mocktail mixes, enhanced waters, and juices. Their offerings include both frozen and shelf-stable options, many of which are marketed as clean label, appealing to health-conscious consumers. Notably, one of their flagship products is the new Frosé beverage mix, which captures the flavors of ripe strawberries and juicy peaches, making it a summer favorite.
Tropics targets a wide array of customers including bars, restaurants, and retail establishments within North America, as well as markets in Europe and select regions in Asia. The end users are cocktail enthusiasts and those seeking refreshing beverage options, which highlights Tropics' commitment to enhancing social drinking experiences. Tropics Beverages generates revenue through a B2B model, supplying its products to retailers, wholesalers, and hospitality venues. The transaction structure typically involves bulk orders from these clients who integrate Tropics' beverage mixes into their offerings.
For instance, a bar may purchase large quantities of Frosé beverage mix to feature in their summer cocktail menu, facilitating a direct relationship that promotes brand loyalty and repeat business. Pricing structures are aligned with industry standards for premium beverage mixers, taking into account product quality and market demand. The revenue stream is bolstered by partnerships with distributors that enhance market reach, enabling Tropics to maintain a robust presence in both the retail and hospitality sectors. Tropics Mixology is focused on future growth through the development of new products, including plans for additional beverage mixers aimed for release in the coming years.
The company also aims to expand its market presence in Europe and select regions in Asia by 2025. The acquisition by Bevolution Group in November 2015 will support these initiatives, providing necessary resources to enhance product offerings and market strategy.
Current Investors
Bevolution Group
Primary Industry
Consumer Products
Sub Industries
Alcoholic Beverages, Food & Beverage Distribution
Website
www.tropics-beverages.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Tropics Mixology - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Tropics Mixology | - |
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