Private-equity firm Insignia Capital has acquired Truco Enterprises from Arbor Investments and the US-based tortilla chip-to-salsa manufacturer’s co-founders.
Insignia said the owner of the On The Border brand had seen “tremendous and consistent growth” under Arbor.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Arbor took a controlling stake in Truco in 2004. It said it had worked with Truco co-founder David Silver to “accelerate” the brand’s expansion across the US, leading to the company “quadrupling” in size.
“Our partnership with Truco has been rewarding and extraordinarily successful,” Joseph Campolo, Arbor’s president and co-founder, said. “With this sale, we will realise a 6.7x return on our investment.”
Financial details on the deal were not disclosed.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
