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[Traverse City, MI] – NewTree Fruit Company, LLC, is excited to announce that Finlays,
a leading B2B supplier of tea, coffee, botanical ingredients, and solutions to many of the
world’s best-loved beverage brands, has made a strategic investment in our business,
acquiring a minority stake.

With this investment, Finlays joins NewTree and its proven distribution partner Apura
Ingredients, in scaling our presence throughout the United States, Canada, and Mexico.
By leveraging the integrated sales capabilities of Finlays Solutions, Finlays’
US-centered global extracts business, we are creating a powerful platform for market
penetration and accelerated growth.

Finlays was founded in 1750 and today has operations across five continents. Finlays
Solutions, headquartered in the US and with operations globally, is a leader in beverage
innovation, specializing in high-quality tea, coffee and botanical solutions. The alliance
with NewTree Fruit Company highlights Finlays’ commitment to bold, forward-thinking
bets on nutrition-led innovation in the food and beverage industry.

In October, Finlays acquired Illinois-based Leahy-IFP, a major aseptic packer and
formulator of natural fruit-based beverages and is currently in the process of integrating
Leahy-IFP with Finlays Solutions. Leahy-IFP has a strong portfolio of fruit-based
beverages and nutritional formulations which complement NewTree’s De-Sugaring
technology, creating a powerful synergy across beverage categories. By joining forces
with NewTree Fruit Company, Finlays Solutions is adding fresh innovation to its
portfolio, helping customers gain access to industry leading low/no sugar solutions.

“We are delighted to be backing such an exciting and innovative business,” said James
Woodrow, Group Managing Director, Finlays. “The strategic investment in NewTree
Fruit Company, combined with our recent acquisition of Leahy-IFP, strengthens our
position in North America and aligns with our focus of bringing sustainable,
health-focused food and beverage solutions to our customers.”

NewTree’s patented technology removes natural sugars from whole fruit while
preserving and concentrating its nutrient density, including heart-healthy antioxidants,
and natural electrolytes. It also maintains the vibrant color and natural acids derived from fruits
such as blueberry, cranberry, and pomegranate. The result is a super concentrated,
clean label ingredient that delivers the taste and vitality of real fruit, minus the sugar and
with fewer carbohydrates and calories.

“Aligning with Finlays Solutions accelerates our vision for a healthier, more sustainable
future for consumers across the globe.” said Chad Anderson, CEO at NewTree Fruit
Company. “Our technology enables a new generation of food and beverage products
that deliver the purity and potency of fruit naturally, without compromise.”

Citing increased GLP-1 use and consumer driven demand for nutrient dense and no or
low sugar foods and beverages, NewTree’s technology has expanded into fruit snacks,
toaster pastries, jams, fruit sauces, sorbets, and chocolate enrobed treats. This
innovation offers manufacturers the ability to develop high fruit content products with
enhanced flavor, color, and functionality without added sugars or artificial ingredients.
Making NewTree a go-to ingredient platform for the global food and beverage industry.


About Finlays
Finlays is a global supplier of tea, coffee, botanical ingredients and solutions to many of
the world’s best-loved beverage brands, retailers and foodservice operators. It exists to
empower our customers to create a world where every sip brings joy, something it is
uniquely placed to achieve thanks to its global scale, trusted partnerships, and over 200
years of experience in beverages. With a heritage stretching back to 1750, Finlays
operates across five continents and places sustainability at the heart of all it does,
supporting the long-term prosperity of our industry and all those connected to it.

About Finlays Solutions
Finlays Solutions is a global leader in beverage innovation, specializing in high-quality
tea, coffee and botanical solutions. Headquartered in the U.S., Finlays Solutions has
operations across Rhode Island, Texas, the U.K., and Kenya, and in 2025 acquired
Leahy-IFP – a major aseptic packer and formulator of natural fruit-based beverages
based in Illinois. With generations of expertise through its parent company Finlays,
Finlays Solutions blends tradition with cutting-edge technology to craft exceptional,
sustainable and innovative beverages. Its customer-centric approach and deep industry
knowledge make Finlays Solutions a trusted partner, providing expert guidance and
comprehensive support throughout the development journey. Whether through
advanced technology, market insights or bold ideas, Finlays Solutions is committed to
shaping the future of beverages.

About NewTree Fruit Company
NewTree Fruit Company is a Traverse City, MI-based company dedicated to improving
nutrition while reducing sugar consumption among consumers worldwide. With its
patented De-Sugaring Technology, NewTree has successfully reduced sugar to 1g or
less in an 8oz juice-based product while maintaining taste and delivering the full
nutritional value of two servings of fruit. For more information, please visit
www.newtreefruit.com or email info@newtreefruit.com.

Contact: Kim Anderson
Kim.Anderson@editfruitjuice.com
902.366.9024

InterContinental Beverage Capital

430 Park Avenue
19th Floor
New York, NY 10022

212.634.7277
info@inbevcapital.com

© 2022 Intercontinental Beverage Capital, Inc.