Chosen Foods Announces Company Sale to Sesajal S.A. de C.V., World Leader in Healthy Oils and Ingredients
SAN DIEGO, July 25, 2017 /PRNewswire/ -- Chosen Foods, LLC ("Chosen Foods" or the "Company") today announced that Sesajal S.A. de C.V. ("Sesajal"), a privately held company headquartered in the Mexican state of Jalisco and a worldwide leader in the processing of specialty oils, oily seeds and their derivatives, and Mediterranean cuisine ingredients has acquired majority ownership of the Company.
San Diego-based Chosen Foods is one of the fastest-growing food brands in North America and the No.1 refined avocado oil brand in the world. Founded in 2011 by Carsten Hagen, Chosen Foods was established with the objective of setting the bar for transparency in healthy eating, offering a portfolio of branded products anchored at the intersection of functionality, flavor, and on-trend health attributes. The transaction will combine one of the fastest growing brands in North America with one of the world's preeminent, better-for-you food manufacturing companies.
George Todd, Co-Founder and Director of Chosen Foods, said "Sesajal has been a valuable partner for the Company for many years." Sioma Waisburd, Co-Founder and Director of Chosen Foods, added "As a shareholder in the Company, I look forward to the great opportunities that this transaction brings to Chosen Foods." Messrs Todd and Waisburd added "This transaction places the Company in an ideal position for continued growth while maintaining continuity of culture and mission."
"Chosen Foods is a remarkable brand," said Sesajal CEO Iñigo Gonzalez. "We are very excited to invest in the business and grow Chosen Foods into a global, better-for-you food company."
"I could not be more excited to continue to lead Chosen Foods under the ownership of Sesajal," said Chosen Foods CEO and Chairman Gabriel Perez. "Joining forces with Sesajal will allow us to execute on our strategy as a combined team."
"I am very excited to see Chosen Foods take this important next step as a company," said Founder Carsten Hagen, a well-traveled naturopathic doctor who discovered the powerful effect traditional foods were having in their native cultures. "This is a change that continues the original goals of this Company." D.A. Davidson & Co. acted as exclusive financial advisor to Chosen Foods in this transaction. Davis Wright Tremaine LLP served as legal advisor to the founding group of Chosen Foods shareholders. Dentons US LLP served as legal advisor to Sesajal.
About Chosen Foods
Chosen Foods was founded on the belief that food should nourish and sustain our bodies, our lives and our communities. The company offers a third-party verification that its products will not contain GMOs. Chosen Foods is an active supporter of the non-GMO movement, and boasts the Non-GMO Project seal of approval on all of its products. Additionally, Chosen Foods builds collaborative partnerships with organizations that take a community-wide, sustainable approach to alleviating hunger. More information about Chosen Foods can be found at www.chosenfoods.com.
About Sesajal
Founded 29 years ago, Sesajal was created with the belief that in Mexico, some of the best oily seeds, including sesame, could be harvested and processed to deliver high quality ingredients to local and foreign markets. Sesajal conducts business in over 25 countries with a team of 1,400 collaborators, offering integrated solutions for the food industry, pet industry, pharmaceutical industry, cosmetic and personal care, with solid values based on service and quality. Sesajal operates five state of the art manufacturing facilities in Mexico and Central America. More information about Sesajal can be found at www.sesajal.com/en/worldwide/.
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SOURCE Chosen Foods, LLC
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