Sector News

Teasdale acquires Rudy's Tortillas

July 13, 2017
Food & Drink

Teasdale Latin Foods, a private label provider of Hispanic food items to retail, food service and wholesale channels, has acquired Rudy’s Tortillas, Carrollton, Texas, a manufacturer of flour and corn tortillas and pre-cut uncooked tortilla chips for food service clients. Financial terms were not disclosed.

Teasdale Latin Foods is majority owned by Snow Phipps Group, a private equity firm focused on building a comprehensive Hispanic foods platform.

“Consumers love Mexican foods and the tortilla is often at the center of the meals they enjoy,” said Chris Kiser, chief executive officer, Teasdale. “Since 1945, Rudy’s has built its reputation on authenticity, and we are thrilled to welcome Rudy’s and its employees to our growing family of fine Mexican and Latin-inspired foods.”

Peter Shea, chairman of Teasdale, added, “We are pleased to have executed on a number of Teasdale’s unique growth opportunities and are excited by our future growth prospects across an array of attractive food categories. Rudy’s deepens our Hispanic bakery product offering and allows us to drive further growth across the food service channel, providing the company access to larger adjacent markets across an even broader consumer base.”

Rudy’s is the fourth follow-on acquisition that Snow Phipps has completed in partnership with the Teasdale management team since Teasdale was acquired in October 2014. In October 2015, Teasdale acquired Jardine’s Foods, a producer of natural and organic sauces, including salsas, dips, quesos, barbecue and hot sauces. In December 2015, Teasdale acquired Casa Fiesta, a provider of Mexican foods in the beans, peppers, sauces, taco shells, dinner kits and seasonings categories. In June 2016, Teasdale acquired Mesa Foods, a producer of tortillas, taco shells, flatbreads and chips into the retail channel.

By Matt Hamer

Source: Food Business News

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