Latam cuisine Firm El Latino Signs Private-equity Deal 

Credit: El Latino/Facebook.com

Latin American and Caribbean foods institution El Latino has struck a woody pinch private-equity patient Apex Capital to “accelerate” its description crossed nan US. 

In a statement, El Latino said Apex Capital joins nan business arsenic a “strategic partner” to support its “next shape of maturation and to supply further capabilities”. 

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Headquartered successful Doral, Florida, El Latino was set up by María Elena Ibañez in 2002. 

Ibañez, who is besides institution president, commented: “This confederation pinch Apex Capital will heighten El Latino’s expertise to present moreover greater worth to our customers while strengthening our semipermanent relationships. 

“It besides creates a compelling opportunity to grow into caller regions crossed nan United States, bringing our proven exemplary and high-quality offerings to a broader and progressively move market.” 

The institution offers a scope of products from cheeses and yoghurts to arepas maize cakes, empanadas and stiff products. 

According to nan company’s LinkedIn profile, its products are distributed done awesome US supermarket chains specified arsenic Walmart and Costco, arsenic good arsenic Hispanic grocers, with an additional presence successful parts of Texas, Kansas, Missouri, and Puerto Rico. 

Apex Capital brings “more than 140 years of mixed acquisition successful nan nutrient and beverage industry” done its nexus to Grupo Mariposa, nan institution said. 

The private-equity investor is portion of Grupo Mariposa, a Latin American conglomerate, which has interests successful nutrient and beverages and operates in complete 20 countries. 

Financial terms and different details of nan transaction were not disclosed. 

Ibañez will enactment connected arsenic president to maintain “strategic continuity, stability, and adjacent relationship pinch clients”, according to nan statement. 

Pedro Palma, Apex Capital’s managing partner, said: “This partnership represents an opportunity to build connected a beardown and proven level while accelerating its adjacent shape of description .

“We look guardant to supporting El Latino successful its continued maturation and semipermanent success, arsenic nan institution remains firmly committed to its halfway principles of quality, service, and innovation.” 

Last April, Apex Capital acquired a mostly stake in California-based Mexican-style foods business Juanita’s Foods. 

The De La Torre family founded Juanita’s Foods successful 1946 successful Wilmington. 

Juanita’s Foods offers a scope of shelf-stable Mexican staples including menudo, pozole, hominy, albondigas and nacho cheese.