LatAm cuisine firm El Latino signs private-equity deal

Latin American and Caribbean foods institution El Latino has struck a woody with private-equity steadfast Apex Capital to “accelerate” its enlargement crossed the US.

In a statement, El Latino said Apex Capital joins the concern arsenic a “strategic partner” to enactment its “next signifier of maturation and to supply further capabilities”.

Headquartered successful Doral, Florida, El Latino was acceptable up by María Elena Ibañez successful 2002.

Ibañez, who is besides institution president, commented: “This confederation with Apex Capital volition heighten El Latino's quality to present adjacent greater worth to our customers portion strengthening our semipermanent relationships.

“It besides creates a compelling accidental to grow into caller regions crossed the United States, bringing our proven exemplary and high-quality offerings to a broader and progressively dynamic market.”

The institution offers a scope of products from cheeses and yoghurts to arepas maize cakes, empanadas and frozen products.

According to the company’s LinkedIn profile, its products are distributed done large US supermarket chains specified arsenic Walmart and Costco, arsenic good arsenic Hispanic grocers, with an further beingness successful parts of Texas, Kansas, Missouri, and Puerto Rico.

Apex Capital brings “more than 140 years of combined acquisition successful the nutrient and beverage industry” done its nexus to Grupo Mariposa, the institution said.

The private-equity capitalist is portion of Grupo Mariposa, a Latin American conglomerate, which has interests successful nutrient and beverages and operates successful implicit 20 countries.

Financial presumption and different details of the transaction were not disclosed.

Ibañez volition enactment connected arsenic president to support “strategic continuity, stability, and adjacent transportation with clients”, according to the statement.

Pedro Palma, Apex Capital's managing partner, said: “This concern represents an accidental to physique connected a beardown and proven level portion accelerating its adjacent signifier of expansion.

“We look guardant to supporting El Latino successful its continued maturation and semipermanent success, arsenic the institution remains firmly committed to its halfway principles of quality, service, and innovation.”

Last April, Apex Capital acquired a bulk involvement successful California-based Mexican-style foods concern Juanita’s Foods.

The De La Torre household founded Juanita’s Foods successful 1946 successful Wilmington.

Juanita’s Foods offers a scope of shelf-stable Mexican staples including menudo, pozole, hominy, albondigas and nacho cheese.

"LatAm cuisine steadfast El Latino signs private-equity woody " was primitively created and published by Just Food, a GlobalData owned brand.

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