Mexican firm Sesajal acquires majority stake in US-based Chosen Foods
Mexico-based speciality oil processor company Sesajal has acquired a majority ownership in Chosen Foods, a leading refined avocado oil brand in the US.
The deal is expected to combine a fast-growing brand in North America with a better-for-you food manufacturing company from Mexico.
In addition to processing oily seeds and their derivatives, Sesajal is also involved in processing ingredients for Mediterranean cuisine.
Chosen Foods co-founder and director George Todd said: "Sesajal has been a valuable partner for the company for many years."
Chosen Foods CEO and chairman Gabriel Perez said: "Joining forces with Sesajal will allow us to execute on our strategy as a combined team."
D.A. Davidson & Co. served as the exclusive financial adviser to Chosen Foods in this transaction, while Davis Wright Tremaine LLP acted as legal adviser to the founding group of Chosen Foods shareholders.
Dentons US served as legal adviser to Sesajal.
Based in San Diego, Chosen Foods was established in 2011 by Carsten Hagen.