Teasdale Latin Foods acquires Rudy's Tortillas
US-based Teasdale Latin Foods has acquired Rudy's Tortillas, a manufacturer of tortillas and chips.
Financial details of the acquisition have not been revealed.
Teasdale is majority-owned by private equity firm Snow Phipps Group.
Established in 1945 in Texas, Rudy's offers bakery products to retail, foodservice and wholesale channels across the country.
The acquisition is in line with Snow Phipps' strategy to build a complete Hispanic foods platform, as well as enhance Teasdale's national footprint in the Hispanic foods category, particularly within the bakery and foodservice sectors.
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."
Teasdale anticipates that the acquisition will provide a platform to offer a comprehensive suite of private label and branded Hispanic food products.
Teasdale CEO Chris Kiser said: "Consumers love Mexican foods and the tortilla is often at the centre of the meals they enjoy.
"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 Latino-inspired foods."