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Marquez Brothers International (MBI) has announced the acquisition of Hato Potero Farms, the owner of drinkable yogurt brand YoGusto.

This move is said to strengthen MBI’s position in the Hispanic food sector and expands its product range.

YoGusto, which has been in the market for over 25 years, produces lactose-free milk, chocolate milk, sour cream and cheeses. The company operates a production plant in Clewiston, Florida, and a distribution centre in Miami, employing approximately 70 people.

Gustavo Marquez Jr, CEO of MBI, said: "This acquisition fits our strategy of focusing and growing in the Hispanic food categories and will allow us to continue growing our core business by strengthening our position in a rapidly growing market that is gaining space in mainstream consumption".

"We are excited about the acquisition of YoGusto, a drinkable yogurt brand that complements our leading flagship brand El Mexicano in the category. This acquisition will expand our production capabilities and distribution on the East Coast and allow us to take YoGusto nationwide."

Terms of the transaction were not disclosed.

Top image: © Yogusto