McCormick Acquires Cholula Hot Sauce from L Catterton

L Catterton Acquires Cholula

April 15, 2019

Food & Beverage

L Catterton, the consumer-focused private equity firm, completed its acquisition of Cholula, a leading hot sauce producer and distributor. Terms were not disclosed; L Catterton said it will support Cholula’s continued expansion in the hot sauce category and broader retail and foodservice markets.

Highlander Partners Acquires Tapatío Hot Sauce from Saavedra Family

January 20, 2026

Food & Beverage

Highlander Partners has acquired Tapatío, the No. 5 hot sauce brand in the U.S., from the Saavedra family with The Arnold Companies investing as a significant minority partner; the Saavedra family will retain a minority stake. J.P. Morgan led senior financing and NMP Capital provided financing and equity support. Highlander plans to use Tapatío as a platform for geographic expansion, deeper retail and foodservice penetration, and new product innovation.

Taglich Private Equity Acquires Fiesta Canning Company

June 1, 2022

Food & Beverage

Taglich Private Equity completed the acquisition of Fiesta Canning Company, a McNeal, Arizona-based processor of green chiles, salsas and sauces. Farragut Capital Partners provided subordinated debt and equity to support the transaction, which represented a family-owner exit and positions the company for growth under new PE ownership.

L Catterton Acquires Majority Stake in Beauty Industry Group

August 11, 2021

Consumer Products

L Catterton has agreed to acquire a majority stake in Beauty Industry Group (BIG), a Salt Lake City–based platform of hair extension brands. Existing shareholders — including HGGC, CEO Derrick Porter, and the management team — will reinvest and retain a meaningful minority stake as L Catterton partners with BIG to accelerate brand building, DTC expansion and international growth.

OWS Foods Acquires Lillie's Q Sauces & Rubs

December 2, 2024

Food & Beverage

OWS Foods, a manufacturer of Championship BBQ sauces and seasonings, has acquired Lillie's Q Sauces & Rubs, a premium barbecue CPG brand founded by Chef Charlie McKenna. The acquisition aims to accelerate Lillie’s Q's national expansion into conventional grocery, club and foodservice channels while leveraging OWS Foods' R&D and production capabilities.

Charkit Chemical Company Acquires Custom Ingredients and CA Specialities

July 11, 2019

Manufacturing

Charkit Chemical Company, a subsidiary of LBB Specialties LLC, acquired Custom Ingredients and CA Specialities, adding custom blending and specialty ingredient distribution capabilities to the LBB/Charkit portfolio. Founder Cathy Ayer Clark will remain as President of the acquired businesses, reporting to Jay S. Lang of Charkit as the companies integrate to support expanded market access and growth.