US supplier of Hispanic-style foods Teasdale Latin Foods has expanded its business with the purchase of foodservice provider Rudy’s Tortillas.
Teasdale, which is owned by private equity firm Snow Phipps Group, believes the deal will enhance its footprint in the Hispanic foods category, specifically within the bakery channel.
Rudy’s will continue to operate as a division of Teasdale with the existing management team continuing on with the business.
The deal marks the fourth acquisition that Snow Phipps has completed in partnership with Teasdale since it was acquired in 2014.
Speaking of the deal, Teasdale chairman Peter Shea said: “Rudy’s deepens our Hispanic bakery product offering and allows us to drive further growth across the foodservice channel, providing the company access to larger adjacent markets across an even broader consumer base.
“Teasdale is primed for continued growth as consumers increasingly focus on convenience, Hispanic meals and natural and organic products, both in and out of the home, and retailers focus on increasing the presence of their private label product offerings.”
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