Verde Valle Foods has struck a woody to get A Dozen Cousins, a US-based nutrient concern offering beans, atom and seasoning products based connected Caribbean and Latin American recipes.
The companies did not disclose the fiscal presumption of the deal.
Founded successful 2019 by Ibraheem Basir, A Dozen Cousins’ makes Creole, Caribbean, and Latin American recipe-inspired products, disposable astatine retailers from Walmart to Whole Foods Market.
Basir volition proceed with the marque arsenic wide manager.
In a LinkedIn station announcing the deal, helium highlighted the “biggest challenge” for the concern implicit the past fewer years “has been to physically support up with the request for our products”.
He said Verde Valle Foods are “pioneers” successful the pouched meals segment, adding the takeover volition “dramatically fortify our proviso concatenation and marque it easier to stock our products with much people”.
“At the aforesaid time, we volition beryllium capable to put much successful innovation and selling to proceed gathering a marque that radical love”, Basir said.
Verde Valle Foods is the US limb of Verde Valle, a third-generation family-owned Mexican institution established successful 1967.
Germán Rosales Jr, US CEO of Verde Valle Foods, said: “A Dozen Cousins fits close into our maturation strategy for ready-to-eat meals successful a pouch and volition let Verde Valle to further grow into the earthy products segment."
Headquartered successful Texas, Verde Valle Foods has been operating successful the US for 16 years.
It manufactures, sells, and distributes ready-to-eat beans, Mexican meals and says it was the “first brand” to present beans successful a pouch.
The company’s portfolio includes its namesake atom and beans brand, arsenic good arsenic the Isadora marque that offers beans-in-pouch and refried beans.
Last month, Private-equity steadfast Apex Capital has acquired a bulk involvement successful California-based, Mexican-style foods concern Juanita’s Foods.
Juanita’s Foods offers a scope of shelf-stable Mexican staples including menudo, pozole, hominy, albondigas and nacho cheese.
"Verde Valle Foods buys US seasonings steadfast A Dozen Cousins" was primitively created and published by Just Food, a GlobalData owned brand.
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