MegaMex Foods expands with acquisition

Published 9:24 am Tuesday, September 7, 2010


CHINO, Calif. — MegaMex Foods, a joint venture between Hormel Foods Corp. and Herdez Del Fuerte, has entered into a definitive agreement to acquire 100 percent of the stock of Don Miguel Foods Corp.

The transaction is expected to close in October 2010; terms were not disclosed.

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“Growth through the strategic acquisition of Don Miguel Foods is an important step toward making us stronger for the future,” Enrique Hernández-Pons Torres, chairman of the board of MegaMex Foods, said in a press release. “Adding these leading product categories to our portfolio brings us closer to achieving our goal of being a one-stop-shop for Mexican foods for our customers.”

Don Miguel Foods, a private equity fund sponsored by TSG Consumer Partners and private investors, is a leading provider of branded frozen and fresh authentic Mexican flavored appetizers, snacks and handheld items. The portfolio includes mini tacos, flautas, taquitos, empanadas, burritos and roller grill items.

“Don Miguel Foods will add new competencies that will allow us to continue expanding our presence in the nation’s leading convenience stores, club stores and supermarkets,” Luis G. Marconi, managing director at MegaMex Foods, said in the release.

Don Miguel Foods has a manufacturing and distribution center located in the Dallas, Texas, area.

MegaMex Foods was advised in this transaction by J.H. Chapman Group, L.L.C.