Mexico-based oils and seeds processor Sesajal has acquired a majority stake in US cooking oild business Chosen Foods for an undisclosed sum.
Based in the Mexican state of Jalisco, Sesajal operates five manufacturing facilities in Mexico and Central America.
San Diego-based Chosen Foods manufactures what it describes as the number one refined avocado oil brand in the world. It was founded in 2011 by Carsten Hagen.
Chosen Foods said the transaction will combine “one of the fastest-growing food brands” in North America with “one of the world’s pre-eminent, better-for-you food manufacturing companies”.
Sesajal CEO Iñigo Gonzalez said: “Chosen Foods is a remarkable brand. We are very excited to invest in the business and grow Chosen Foods into a global, better-for-you food company.”
In a joint statement, Chosen Foods co-founders George Todd and Sioma Waisburd said: “This transaction places the company in an ideal position for continued growth while maintaining continuity of culture and mission.”