Cacique, Inc. Expands Portfolio of Mexican Mealtime Essentials to Include Homestyle Salsas Through Acquisition of El Sol Foods
Apr 22, 2019, 09:03 ET
LOS ANGELES, April 22, 2019 /PRNewswire/ -- Cacique® Inc. – the #1 brand of authentic Mexican style cheeses, cremas, and chorizos in the U.S. – announced today the acquisition of El Sol Foods, a maker of homestyle salsas headquartered in Gilbert, Arizona. The acquisition signals the Cacique brand's entrance into the salsa category. It allows Cacique to extend its portfolio of authentic, high-quality Hispanic foods rich in heritage and tradition to even more people across the country.
The acquisition of family-owned El Sol Foods is a testament to Cacique's commitment to offering consumers a breadth of great tasting, authentic Hispanic foods. Distribution of the new Cacique salsa products will begin regionally in the western U.S. this May, with nationwide rollout beginning this summer.
Cacique Homestyle Salsas are handcrafted with fresh produce using a small batch, cold process that guarantees homemade, authentic Mexican flavors in every bite, continuing the tradition that El Sol began more than 30 years ago. Cacique Salsas will be available in nine varieties, including Homestyle, Mild, Medium and Hot, as well as in multiple specialty and Organic Homestyle selections.
"For more than 45 years, Family, Quality, Integrity and Authenticity have been the pillars of the Cacique brand. El Sol shares similar values and an unwavering commitment to making the best tasting salsa in the market, so it's an excellent strategic fit for Cacique. We couldn't be more delighted to welcome El Sol into our family," said Gil de Cárdenas, CEO of Cacique, Inc. "We're excited to further diversify our portfolio to offer even more key components consumers need to make authentic Mexican meals, and we intend to leverage our expertise and resources to build on El Sol's track record of success."
Chicago based McNally Capital served as financial advisor and De Cardenas Law Group served as legal advisor to Cacique.
Delmorgan & Co. served as financial advisor to El Sol Foods for this transaction.
For more information on Cacique's entire portfolio of products, recipes and more, please visit caciqueinc.com.
About Cacique® Inc.
Family-owned and founded in 1973 on the principles of Family, Quality, Integrity and Authenticity, Cacique® is now the #1 brand of Hispanic cheeses, creams, yogurts and chorizos in the United States. Headquartered in Monrovia, California, Cacique® remains dedicated to producing authentic, fresh and high-quality Hispanic products. For more information about Cacique®'s line of products, please visit caciqueinc.com or call (800) 521-6987 or (626) 937-3505.
Contact
Chris Swenson
cswenson@hunterpr.com
212.679.6600 x 303
SOURCE Cacique® Inc.
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