Tropicale Foods (Wind Point) Acquires Paleteria La Michoacana

Wind Point Partners Invests in Tropicale Foods

December 6, 2019

Food & Beverage

Chicago-based private equity firm Wind Point Partners has invested in Tropicale Foods, a leading U.S. manufacturer of Hispanic frozen novelties under the Helados Mexico brand. The founders will remain involved as Wind Point partners with management to expand the brand, product innovation and geographic distribution.

Wind Point Partners Acquires Palmex

February 22, 2022

Food & Beverage

Chicago-based private equity firm Wind Point Partners has acquired Palmex S. de R.L. de C.V., a Monterrey-based manufacturer of better-for-you and Hispanic snack pellets. Wind Point intends to use Palmex as a North American platform to expand capacity, accelerate U.S. presence, and pursue growth through organic investment and add-on acquisitions.

Tropical Cheese Industries Acquires Cibao Meat Products

January 13, 2026

Food & Beverage

Tropical Cheese Industries, a PE-backed Hispanic dairy and refrigerated foods platform, has acquired Cibao Meat Products and will integrate it as the Cibao Meat Products Division. The deal (terms undisclosed) strengthens Tropical Cheese’s meats offering, adds cold‑chain logistics capabilities, gives the Vieluf family a rolled equity stake, and expands the combined company’s reach across the U.S. East Coast.

Flagship Food Group (CREO) Acquires Majority Stake in La Tortilla Factory

January 28, 2021

Food & Beverage

Flagship Food Group, a CREO Capital Partners-backed food platform, has invested in La Tortilla Factory and become the company's majority stakeholder while members of the Tamayo family remain partners. The transaction, which closed January 27, 2021, will support La Tortilla Factory's growth strategy as the brand expands its premium, better-for-you tortilla and Mexican foods offerings; terms were not disclosed.

Vilore Foods Acquires Tia Lupita Foods

July 22, 2025

Food & Beverage

Vilore Foods, a San Antonio-based importer and distributor of Hispanic brands, has acquired Tia Lupita Foods, the Mexican-origin brand known for its hot sauces, cactus tortilla chips and Mexican Chili Crunch. The deal marks Vilore's entry into the natural foods category and is intended to expand distribution of Tia Lupita’s gluten-free, non-GMO, preservative-free products across U.S. retailers.

Apex Capital Acquires Majority Stake in Juanita's Foods

April 28, 2025

Food & Beverage

Apex Capital, a Miami-based private equity firm affiliated with Grupo Mariposa, has acquired a majority stake in Juanita's Foods, the Wilmington, California–based producer of shelf-stable Mexican food products. The De La Torre family will retain a significant ownership interest and remain involved as Apex seeks to scale the brand, drive operational improvements and expand its market reach.