USA: Teasdale Foods to acquire Mesa Foods
Teasdale Foods, a provider of private label and branded beans, hominy, peppers, sauces, corn and seasoning products that is majority owned by private equity firm Snow Phipps Group, has announced that it is acquiring Hispanic foods firm Mesa Foods.
Founded in 1984, Mesa is an industry-leading producer of private label tortillas, flatbreads, taco shells, taco kits and chips, serving a multi-channel customer base across restaurants, grocery stores, national accounts, food service and private label segments.
Teasdale Foods said that the acquisition of Mesa Foods would further enhance its national footprint in the Hispanic foods category. In combination with Teasdale’s offerings in beans, hominy, salsa, hot sauces and now tortillas, taco shells and flatbreads, the firm is able to offer a one-stop shop of high quality Hispanic inspired food products across the country, Teasdale Foods added.
Commenting on the purchase, Teasdale Foods CEO Chris Kiser said: "We are excited to welcome Mesa into the Teasdale family. Mesa adds tortillas to our portfolio, which are a core part of Hispanic snacking favorites such as quesadillas, wraps, fajitas, burritos and enchiladas. Teasdale offers all the product categories necessary to help bring the best of Hispanic food to consumers".
Terms of the deal were not disclosed.
Source: Teasdale Foods (via PE Hub)