The transaction is expected to close in October 2010. Terms were not disclosed.
“Growth through the strategic acquisition of Don Miguel Foods is an important step toward making us stronger for the future,” said Enrique Hernández-Pons Torres, chairman of the board of MegaMex Foods. “Adding these leading product categories to our portfolio brings us closer to achieving our goal of being a one-stop-shop for Mexican foods for our customers.”
Don Miguel Foods has a manufacturing and distribution centre located in the Dallas area of the US.
Source: MegaMex Foods
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