Private-equity firm Wind Point Partners has acquired Evans Food Group, a US manufacturer of branded and private-label pork rind snacks, in partnership with former PepsiCo executive Jose Luis Prado.
Prado will take over as chairman and CEO of the group. Most recently, Prado served as president of Quaker Oats North America at PepsiCo. During his tenure at PepsiCo, Prado also served as president and CEO of PepsiCo’s Mexican unit, Grupo Gamesa-Quaker in Mexico.
Prado and Wind Point will “work closely” with Evans’ co-founder and chairman, Alejandro Silva, who will serve on the board. Prado said he aims to take Evans to the “next level”.
He continued: “I believe that Evans’ preferred products, advantaged manufacturing footprint, solid portfolio of national and regional brands, great team and partnership with Wind Point will enable us to pursue a wide array of domestic and international opportunities.”
Mark Burgett, a managing director at Wind Point, stated: “WindPoint’s partnership with Jose Luis – a top calibre global executive in the food industry – along with our proven track record and depth of experience in food investments, creates an excellent opportunity to drive continued growth at Evans.”
Headquartered in Chicago, Illinois, Evans has a presence in the US and Canada as well as 13 other markets in Latin America and Asia.
Financial details of the transaction were not disclosed.