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Sigma Alimentos has announced that it has acquired a majority stake in US-based Hispanic cheese and cream producer, Los Altos. Los Altos has been operating for over 24 years and produces authentic Mexican cheese products positioned for the North American consumer market. The company operates one plant near Los Angeles, California, employing more than 260 people. Sigma is a global food company that manufactures and distributes branded foods, including packaged meats, cheese and yogurt, among other refrigerated and frozen foods. The transaction involves an 85% stake in Los Altos, with the founding family retaining the remaining portion. Rodrigo Fernandez, Sigma’s CEO, said: “This transaction is aligned with Sigma’s strategy and will allow us to continue growing the core business by strengthening our position in a rapidly growing market that is gaining space in mainstream consumption”. He continued: “I’m confident that the sum of Los Altos and Sigma will allow us to better satisfy the needs of our customers and consumers. This transaction also enhances our existing network with production capacity on the west coast.” Jesus Lobo, Sigma US CEO, commented: “Today, Sigma takes another step to expand its presence in the US and continue increasing capacity in the Hispanic dairy market with a first plant in the west coast”. Financial terms of the deal were not disclosed.