US bean-to-sauces manufacturer Teasdale Foods has acquired Casa Fiesta, the Mexican foods business of US-based Bruce Foods Corporation for an undisclosed sum.
The division includes the Casa Fiesta, Viva Mexico and Mexene brands. The Casa Fiesta brand is used for beans, peppers, sauces, corn products and seasonings.
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Teasdale is owned by US private-equity firm Snow Phipps Group, which acquired the business in 2014 from Palladium Equity Partners. It manufactures Hispanic canned bean and hominy products.
The acquisition of Bruce Foods will see the business provide transition services to Teasdale, with the intention of being fully integrated into the group in 2016. Following the transaction,
Bruce Foods will focus on marinades, outdoor cooking appliances, seasonings and sauce mixes, and pancake mix, sold to the retail and foodservice channels under brands such as Cajun Injector, Cajun King, and Bruce’s, as well as jalapenos, green chilies and other items for the foodservice and industrial food channels.
It will maintain its sales team and corporate offices in New Iberia in Louisiana, as well as its plant in El Paso in Texas.
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By GlobalData—-
just-food has this week published research into the factors that will drive M&A in the food industry from now and into 2018.
The full report will be available from just-food in mid-February. However, those who take out an annual subscription to just-food before 31 January 2016, at a 35% discount on standard pricing, will receive free copies of both ‘Drivers of Food Industry M&A’ and another recent report, ‘How Brands Can Win in Online Grocery’, which was written by Professor David Hughes, Emeritus Professor of Food Marketing at Imperial College London and Miguel Flavián. To take advantage of this offer click here.
