Tropical Cheese Industries Acquires Cibao Meat Products

AUA Private Equity and Avance Invest in Tropical Cheese Industries

December 16, 2024

Food & Beverage

AUA Private Equity Partners and Avance Investment Management jointly made a significant minority investment in Tropical Cheese Industries, a family-run Hispanic cheese and food brand founded in 1982. The founding Mendez family and Tropical Cheese management will retain a significant minority interest; the investors plan to support national expansion, deepen distribution (direct-store-delivery), and pursue complementary M&A opportunities. Terms were not disclosed.

Tropicale Foods (Wind Point) Acquires Paleteria La Michoacana

January 19, 2021

Food & Beverage

Wind Point Partners’ portfolio company Tropicale Foods has acquired Paleteria La Michoacana (PLM), a manufacturer of Hispanic-inspired frozen novelty products. The deal combines the Helados Mexico and La Michoacana brands, expands manufacturing capacity (including PLM’s 45,000 sq. ft. Modesto facility), and supports marketing, new products, and category growth.

Charcuterie Artisans Acquires La Quercia Cured Meats

January 22, 2026

Food & Beverage

Charcuterie Artisans has acquired La Quercia Cured Meats, including its Norwalk, Iowa production facility and full product portfolio. The PE-backed charcuterie platform (owner: Industrial Opportunity Partners) said it will invest in the brand, expand the plant’s prosciutto capacity by ~50%, and retain La Quercia employees while working with the Lynch family and suppliers to maintain U.S. pork supply.

Sabrosura Foods Acquires Pancho's Mexican Foods

November 16, 2021

Food & Beverage

Sabrosura Foods, a Bloomington, Minnesota-based marketer of Hispanic food brands and a portfolio company of Centre Partners, has acquired Pancho's Mexican Foods, the Memphis-origin refrigerated queso dip brand founded in 1956. The add-on expands Sabrosura's snacking and Hispanic cheese portfolio and aims to broaden Pancho's nationwide distribution across mass, club and grocery channels; terms were not disclosed.

Industrias Bachoco Acquires RYC Alimentos

January 24, 2022

Food & Beverage

Industrias Bachoco S.A.B. de C.V. has completed the acquisition of 100% of the shares of RYC Alimentos, a multiproduct meat processor and distributor with productive facilities in Puebla and ~21 retail stores across four Mexican states. The transaction includes two plants and was valued at approximately $61 million in stockholders' equity; RYC reports around $150 million in annual sales and employs more than 900 people.

Citation Capital Acquires Majority Stake in Cibo Vita

October 11, 2023

Food & Beverage

Citation Capital, a Dallas-based private equity firm, will acquire a majority interest in Cibo Vita, a Totowa, New Jersey-based better-for-you snack manufacturer. The founders, Emre Imamoglu and Ahmet Celik, will remain significant shareholders as Citation partners with management to accelerate growth and innovation; financial financing is being led by Wells Fargo, Bank of America and American Ag Credit.