C.H. Guenther & Son Acquires Fresca Mexican Foods

C.H. Guenther & Son Acquires Baldinger and Sons Bakeries

January 19, 2022

Food & Beverage

C.H. Guenther & Son LLC (CHG) has acquired Baldinger and Sons bakeries, expanding CHG's bakery manufacturing capacity and deepening relationships with quick service restaurant (QSR) customers across North America. The Baldinger-Sons management team will remain post-transaction; terms were not disclosed. CHG is owned by Pritzker Private Capital.

Cerealto Makes Majority Investment in Fresca Foods

November 4, 2025

Food & Beverage

Spanish food manufacturer Cerealto has made a majority investment in Fresca Foods, a Colorado-based co-manufacturer of natural and organic snacks. Cerealto will hold a controlling stake while Fresca’s U.S. leadership team remains significant shareholders and continues to run day-to-day operations; the partnership establishes a substantive U.S. manufacturing presence to accelerate growth in the natural and organic snacking market.

Flagship Food Group (with CREO Capital) Acquires Yucatan Foods

February 8, 2023

Food & Beverage

Flagship Food Group, with co-investor CREO Capital Partners, has acquired Yucatan Foods, adding the Yucatan and Cabo Fresh guacamole and dips brands and a 97,000 sq. ft. manufacturing facility in Silao, Mexico to its portfolio. The deal expands Flagship's refrigerated/deli/produce offerings, strengthens its Hispanic and Southwestern product set, and supports vertical integration and cross-promotional opportunities with its existing brands.

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.

Forward Consumer Partners Acquires 50% Stake in Xochitl

May 21, 2024

Consumer Products

Forward Consumer Partners has acquired a 50% ownership stake in Xochitl, the heritage tortilla chip and salsa brand founded by Carlos Salinas. Salinas will retain a 50% interest and Forward plans to support the brand's next phase of growth and capability expansion, with Matt Leeds becoming Chairman of Xochitl.

Flagship Food Group (CREO) Acquires Majority Stake in Tortilla King

July 15, 2021

Food & Beverage

Denver-based Flagship Food Group, majority owned by CREO Capital Partners, has acquired a majority stake in Tortilla King, a Moundridge, Kansas-based maker of tortillas and tortilla chips. Management remains in place with co-founder Juan Guardiola staying on as President and a shareholder; terms were not disclosed and the deal closed in mid-July 2021.