Grupo Chilero Acquires Tadin Herb and Tea Co.

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.

C.H. Guenther & Son Acquires Fresca Mexican Foods

June 23, 2025

Food & Beverage

San Antonio-headquartered C.H. Guenther & Son (CHG), a Pritzker Private Capital-backed food manufacturer, has acquired Fresca Mexican Foods, a Caldwell, Idaho-based producer of flour and corn tortillas and tortilla chips. The acquisition expands CHG's tortilla manufacturing capacity, adds Fresca's 190,000 sq. ft. facility and ~375 employees, and deepens CHG's relationships with QSR, foodservice and private-label customers.

Rosewood Private Investments Acquires Herbs, Etc.

January 16, 2024

Food & Beverage

Rosewood Private Investments has acquired Herbs, Etc., a Santa Fe-based manufacturer and marketer of herbal supplements led by CEO Daniel Gagnon. The acquisition brings Herbs' liquid tincture and soft-gel product portfolio and DTC/Amazon channels into Rosewood’s health & wellness investment focus to support product innovation and market expansion.

PNC Riverarch-backed Chef Merito Invests in La Fiesta Food Products

August 10, 2023

Food & Beverage

PNC Riverarch Capital’s portfolio company Chef Merito Seasonings has completed an investment and merger with La Fiesta Food Products, a La Mirada, California-based provider of spices, chiles, herbs and related Hispanic food products. The combined business will leverage La Fiesta’s direct store delivery network and Chef Merito’s brand portfolio to expand geographic reach, broaden product selection, and create a leading platform in the Hispanic seasonings market.

Champlain Financial Corporation-Led Group Acquires Dion Herbs & Spices

May 17, 2021

Food & Beverage

A group of Quebec investors led by Champlain Financial Corporation has acquired Dion Herbs & Spices. The deal secures leadership succession to André Fortier, Jean-François Bieler and founders' children Marie-Andrée Morin-Dion and Samuel Morin-Dion; financial terms were not disclosed. Dion offers roughly 450–600 spice varieties across nine product categories and is sold in over 1,000 retail locations in Canada and the United States.

Benestar Brands (Highlander Portfolio Company) Acquires Arboleda Foods (Chicas)

December 3, 2019

Food & Beverage

Benestar Brands, a Highlander Partners portfolio company, has acquired Arboleda Foods, the holding company behind the Chicas branded tortilla chips. The acquisition will allow Benestar to add the Chicas brand to its salty snacks platform and leverage its distribution network to grow the brand nationally.