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  1. Home
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  4. Tropicana
Tropicana logo
Food & Beverage

Who Owns Tropicana?

Tropicana is owned by Tropicana Brands Group (TBG), a private American juice company formed in 2021 when PAI Partners acquired a 61% stake in PepsiCo's juice portfolio. PepsiCo retained a 39% minority stake. Tropicana was founded in 1947 by Anthony T. Rossi in Bradenton, Florida. TBG is headquartered in Miami, Florida, and is not publicly traded. Tropicana is one of the best-selling orange juice brands in the United States.

Parent Company

Tropicana Brands Group

Acquired

2021

Status

Private

Headquarters

Miami, Florida, USA

Tropicana Timeline

1947

Tropicana

Founded by Anthony T. Rossi

Founded
2021
Acquired by Tropicana Brands Group

Tropicana Brands Group acquired Tropicana

Acquired
premiumpremiumUnited StatesOfficial Website

Who Owns Tropicana?

  • Parent Company: Tropicana Brands Group
  • Ownership Type: Wholly owned
  • Acquisition Year: 2021
  • Company Type: Privately Held
BrandParent CompanyOwnership Type
TropicanaTropicana Brands GroupWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonTropicana on Amazon

History of Tropicana

  • Founded: 1947
  • Founders: Anthony T. Rossi
  • Acquired by Tropicana Brands Group: 2021

Tropicana was founded in 1947 by Anthony T. Rossi, an Italian immigrant who started the business in Bradenton, Florida. Rossi initially focused on packaging and delivering fresh fruit to local hotels and restaurants in the Sarasota-Bradenton area. He soon began experimenting with fresh-squeezed orange juice, delivering it to hotels in glass bottles.

The breakthrough came when Rossi pioneered flash pasteurization technology that allowed fresh-tasting orange juice to be shipped without refrigeration while maintaining quality. This innovation revolutionized the juice industry and enabled Tropicana to expand beyond local markets. The company grew rapidly through the 1950s and 1960s, introducing new packaging formats and expanding distribution across the United States.

In 1957, Tropicana Products went public, providing capital for further expansion. The company introduced its iconic orange-with-straw logo in 1970, which became one of the most recognized brand symbols in the beverage industry. Through the 1970s and 1980s, Tropicana continued to innovate with new juice varieties, packaging improvements, and expanded international operations.

In 1998, PepsiCo acquired Tropicana Products for approximately $3.3 billion. This acquisition marked PepsiCo's major entry into the juice category and complemented its existing soft drink and snack food portfolio. Under PepsiCo ownership, Tropicana continued to innovate and expand its product offerings while maintaining its premium positioning. PepsiCo invested in Tropicana's distribution infrastructure and brand marketing, solidifying its market leadership in the not-from-concentrate segment.

In 2021, PepsiCo sold a 61% controlling stake in Tropicana and other juice brands to PAI Partners, creating Tropicana Brands Group. The transaction valued the juice business at approximately $3.3 billion. PepsiCo retained a 39% minority stake. The sale included Tropicana, Naked Juice, KeVita, and other select juice brands.

Under TBG ownership, Tropicana has focused on modernizing manufacturing and supply chain operations. In 2025 and 2026, TBG invested in product innovation, including lower-sugar variants and functional juice products, responding to consumer trends toward reduced sugar consumption. The brand also explored sustainable packaging improvements, including lightweight bottle designs and recycled content incorporation.

About Tropicana Brands Group

Who owns Tropicana Brands Group?
Tropicana Brands Group is owned by PAI Partners (61%) and PepsiCo (39%). PAI Partners, a European private equity firm, acquired the controlling stake in August 2021 for approximately $3.3 billion. PepsiCo retained a 39% minority stake.

Is Tropicana still owned by PepsiCo?
No, PepsiCo no longer controls Tropicana. PepsiCo sold a 61% controlling stake to PAI Partners in August 2021, retaining a 39% minority stake. Tropicana Brands Group operates as an independent private company. PepsiCo continues to provide certain operational services during a transition period.

What brands does Tropicana Brands Group own?
TBG owns Tropicana (orange juice and fruit juices), Naked Juice (premium smoothies and juices), and KeVita (sparkling probiotic drinks). The company also sells Dole juice products under license in certain markets.

When was Tropicana Brands Group founded?
Tropicana Brands Group was formed in August 2021 when PAI Partners acquired a 61% stake in PepsiCo's juice brand portfolio. The Tropicana brand itself was founded in 1947 by Anthony Rossi in Bradenton, Florida.

How much did PAI Partners pay for Tropicana?
PAI Partners acquired a 61% controlling stake in PepsiCo's juice brand portfolio for approximately $3.3 billion in August 2021. The transaction included Tropicana, Naked Juice, KeVita, and other juice brands.

Is Tropicana Brands Group publicly traded?
No, Tropicana Brands Group is a private company. It is owned by PAI Partners (61%) and PepsiCo (39%). The company does not publicly disclose detailed financial results.

  • Founded: 2021
  • Headquarters: Miami, Florida, USA
  • Company Type: Privately Held
  • Revenue: ~$3 billion (estimated)
  • Employees: Approximately 2,000

Visit Tropicana Brands Group website

View full company profile for Tropicana Brands Group

Where Is Tropicana Made / Based?

  • Headquarters: Miami, Florida, USA
  • Manufacturing / Operations: United States, Canada, Brazil

Tropicana Categories & Tags

JuiceOrange JuiceBeverageBreakfastVitamin C

Tropicana Sustainability & Ethics

Tropicana's sustainability practices operate under Tropicana Brands Group's corporate framework following the 2021 separation from PepsiCo. No independently verified sustainability certifications from the allowed list (cruelty-free, vegan-certified, b-corp, organic-certified, fair-trade, recycled-materials, palm-oil-free, carbon-neutral) apply specifically to the Tropicana brand.

Under PepsiCo's ownership, Tropicana became the first U.S. beverage brand to receive Carbon Trust certification for measuring and reducing its carbon footprint. Following the transition to TBG, the brand's sustainability initiatives are managed independently, though specific independently verified certifications have not been publicly documented.

TBG has stated commitments to responsible citrus sourcing and packaging reduction. The company works with Florida citrus growers and international suppliers to promote sustainable farming practices. However, these are corporate-level commitments rather than independently verified brand-specific certifications.

Tropicana's packaging consists primarily of plastic bottles and cartons. The brand has explored lightweight bottle designs and recycled content incorporation to reduce packaging waste. TBG has stated a commitment to improving packaging sustainability across its product lines.

The brand faces inherent sustainability challenges related to large-scale citrus production, including water usage, agricultural land use, pesticide application, and the carbon footprint of transporting oranges from growing regions to processing facilities. Florida's citrus greening disease has compounded these challenges by reducing domestic crop yields and increasing reliance on imported oranges.

Awards & Recognition

Tropicana's recognition comes primarily from its long market presence and consumer recognition rather than formal independent awards with named awarding bodies and years.

The brand has maintained continuous market presence since 1947, making it one of the longest-running orange juice brands in the United States. Tropicana was the first brand to commercially produce and distribute not-from-concentrate orange juice, a pioneering achievement in the beverage industry.

Under PepsiCo's ownership, Tropicana received Carbon Trust certification, becoming the first U.S. beverage brand to achieve this recognition for carbon footprint measurement and reduction. The current status of this certification under TBG ownership should be verified directly with the Carbon Trust.

Tropicana products have received consumer choice recognition and taste test acknowledgments in various retail and consumer publications. These reflect consumer preference rather than formal industry awards with named awarding bodies.

Specific independent industry awards with named awarding bodies and years are not publicly documented for Tropicana under TBG ownership.

Tropicana Recalls & Controversies

Tropicana has faced several notable controversies throughout its history, primarily related to product labeling claims and ingredient transparency.

In 2009, Tropicana faced a class action lawsuit alleging that the company falsely advertised its orange juice as 100 percent pure and natural when it contained artificial flavors and modified ingredients. The lawsuit, filed by consumer Angelena Lewis, claimed that Tropicana concealed the use of artificial flavoring compounds including d-l malic acid, which is not naturally occurring in oranges. The class action challenged marketing claims across multiple product lines, including Pure Premium 100% Orange Juice with Calcium and Vitamin D. U.S. District Judge William J. Martini dismissed the proposed class action, ruling that the labeling on different products varied too significantly for collective evaluation. The controversy led to increased scrutiny of food labeling practices industry-wide.

The 2021 sale of Tropicana from PepsiCo to PAI Partners created uncertainty about the brand's future direction. Some consumers and retail partners expressed concerns about potential changes in product formulation or brand positioning under private equity ownership. TBG has maintained Tropicana's core product formulations and quality standards since the acquisition, though the transition required operational adjustments as manufacturing and distribution transferred from PepsiCo's infrastructure to TBG's standalone operations.

As a juice brand, Tropicana has faced ongoing criticism related to sugar content in its products. Orange juice contains naturally occurring sugars, but consumer health trends have increasingly focused on reducing sugar consumption across all beverage categories. This has led to the development of lower-sugar product varieties and reformulation efforts by TBG.

The brand has also faced questions about the environmental impact of large-scale orange juice production, including water usage, agricultural land use, and the carbon footprint of transportation and manufacturing. These are industry-wide issues rather than Tropicana-specific problems.

The current status of these issues is that the 2009 lawsuit was dismissed, TBG has maintained product quality since the 2021 acquisition, and sugar content concerns continue to drive product innovation toward lower-sugar options. No major product recalls have been reported under TBG ownership.

Brands Owned by Tropicana Brands Group

Naked JuiceFood Beverage

Naked Juice

Owned by Tropicana Brands Group

American premium juice and smoothie brand founded in Santa Monica in 1983. Owned by Tropicana Brands Group since 2021, previously by PepsiCo from 2007.

juicesmoothiecold-pressed
View all brands owned by Tropicana Brands Group

Tropicana Ownership: Pros & Cons

Advantages

  • +TBG's exclusive focus on juice allows dedicated resources for category innovation and brand building
  • +Strong brand recognition and premium positioning in the juice category
  • +Leadership position in the not-from-concentrate orange juice segment
  • +PepsiCo's retained 39% minority stake provides continuity and potential operational support
  • +Year-round availability through global citrus sourcing
  • +Heritage brand with over 75 years of consumer recognition

Considerations

  • -Declining orange juice consumption as consumers reduce sugar intake
  • -Competition from Simply Orange (Coca-Cola) and private label brands
  • -Florida citrus greening disease reducing domestic orange supply and increasing costs
  • -Private equity ownership may prioritize cost optimization over long-term brand investment
  • -Limited financial transparency as part of a privately held company
  • -Environmental concerns related to packaging waste and agricultural water usage

Frequently Asked Questions About Tropicana

Sources & Further Reading

  • Tropicana Official Website
  • Tropicana Brands Group Official Website
  • PAI Partners Tropicana Acquisition Announcement
  • Reuters: PepsiCo Tropicana Sale
  • Food Dive: Tropicana Sale Coverage
  • PepsiCo Investor Relations
  • Carbon Trust
  • U.S. Food and Drug Administration
  • USDA National Agricultural Statistics Service: Citrus Data
  • Food Navigator-USA
  • Beverage Industry Magazine
  • Class Action.org: Tropicana False Advertising Case

Competitors to Tropicana

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Minute MaidMinute Maid
Coca Cola Company
USA
1945
Mass marketGlobalAll-consumers
Simply OrangeSimply Orange
Coca Cola Company
USA
2001
Us refrigerated-juice-leaderUnited statesAll-consumers

Learn More About Competitors

Minute MaidFood Beverage

Minute Maid

Owned by The Coca-Cola Company

American juice and beverage brand owned by The Coca-Cola Company, known for orange juice and fruit juice products. In 2026, Coca-Cola discontinued Minute Maid frozen concentrate after 80 years, pivoting to ready-to-drink and fresh juice formats.

juiceorange-juicefruit-juice
Simply OrangeFood Beverage

Simply Orange

Owned by The Coca-Cola Company

American premium not-from-concentrate orange juice brand owned by The Coca-Cola Company, launched in 2001. The best-selling refrigerated orange juice brand in the United States by dollar sales.

juiceorange-juicenot-from-concentrate

Competitive Analysis

Market Positioning: Tropicana competes with 2 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Tropicana

Looking for brands with different ownership structures? These similar brands are not owned by Tropicana Brands Group, giving you alternative choices that support different corporate structures.

Aviation American GinFood Beverage

Aviation American Gin

Owned by Diageo plc

American craft gin founded in Portland, Oregon in 2006 and acquired by Diageo in 2020 for up to $735 million, known for its softer botanical profile and association with actor Ryan Reynolds.

gincraft-spiritsamerican-gin
Publicly Traded

Aviation American Gin is owned by Diageo plc, a public company, a different structure than Tropicana's parent.

Beyond MeatFood Beverage

Beyond Meat

Owned by Beyond Meat, Inc.

American food technology company producing plant-based meat substitutes and alternative protein products.

plant-basedalternative-proteinfood-technology
Publicly Traded

Beyond Meat is owned by Beyond Meat, Inc., a public company, a different structure than Tropicana's parent.

ChobaniFood Beverage

Chobani

Owned by Chobani, LLC

American food and beverage company founded in 2007 by Hamdi Ulukaya, specializing in Greek yogurt, coffee, creamers, and plant-based foods. Privately held with 2025 revenue of $3.8 billion.

greek-yogurtdairycoffee
Privately Owned

Chobani operates independently without a large parent corporation.

FageFood Beverage

Fage

Owned by Fage International S.A.

Greek dairy company and the creator of authentic Greek strained yogurt, founded in Athens in 1926. Fage Total is the best-known authentic Greek yogurt brand in the United States and the number one natural yogurt brand in America.

yogurtgreek-yogurtdairy
Privately Owned

Fage operates independently without a large parent corporation.

fairlifeFood Beverage

fairlife

Owned by The Coca-Cola Company

American dairy brand known for ultra-filtered milk with higher protein and lower sugar. Owned by The Coca-Cola Company and the fastest-growing brand in Coca-Cola's portfolio, with nearly $4 billion in annual retail sales.

dairy-productsultra-filtered-milkhigh-protein
Publicly Traded

fairlife is owned by The Coca-Cola Company, a public company, a different structure than Tropicana's parent.

Häagen-DazsFood Beverage

Häagen-Dazs

Owned by Nestlé S.A.

Premium ice cream brand founded in 1961 in the Bronx, New York, owned by Nestlé and sold in over 70 countries.

ice-creampremium-dessertfrozen-treats
Publicly Traded

Häagen-Dazs is owned by Nestlé S.A., a public company, a different structure than Tropicana's parent.

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Last reviewed: August 7, 2026 · Reviewed by Who Brands Editorial Team