M&A Deal Summary

Teasdale Latin Foods Acquires MESA Foods

On June 21, 2016, Teasdale Latin Foods acquired food company MESA Foods from Encore Consumer Capital

Acquisition Highlights
  • This is Teasdale Latin Foods’ 3rd transaction in the Food sector.
  • This is Teasdale Latin Foods’ 3rd transaction in the United States.
  • This is Teasdale Latin Foods’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2016-06-21
Target MESA Foods
Sector Food
Buyer(s) Teasdale Latin Foods
Sellers(s) Encore Consumer Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)
Brownstein (Legal)

Target

MESA Foods

Louisville, Kentucky, United States
MESA Foods, Inc. is a producer of high quality tortillas, flatbreads and taco shells for grocery retailers, food manufacturers and restaurants.

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Buyer(S) 1

Buyer

Teasdale Latin Foods

Carrollton, Texas, United States
Category Company
Founded 1930
Sector Food
DESCRIPTION

Teasdale Latin Foods is a provider of private label and branded bean and hominy products to the retail, foodservice, and wholesale channels. Teasdale offers a full selection of products including conventional and organic varieties. Teasdale Latin Foods was founded in 1930 and is based in Carrollton, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Food) 3 of 4
Type (Add-on Acquisition) 2 of 3
State (Kentucky) 1 of 1
Country (United States) 3 of 4
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Bruce Foods - Casa Fiesta Viva Mexico and Mexene brands

United States

Bruce Foods - Casa Fiesta, Viva Mexico and Mexene brands is a provider of authentic mexican foods in the beans, peppers, sauces, corn products and seasonings product categories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Rudy s Tortillas

Carrollton, Texas, United States

Rudy's Tortillas is a manufacturer of flour and corn tortillas and pre-cut uncooked tortilla chips serving a long standing customer base across the food service channel. Rudy's Tortillas was founded in 1945 and is based in Carrollton, Texas.

Buy -

Seller(S) 1

SELLER

Encore Consumer Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Encore Consumer Capital is a specialist private equity firm focused on the food and consumer products industries. Specific areas of interest include food and beverage, health and beauty care, pet, automotive aftermarket, infant and children's products, and leisure products. Encore prefers companies in revenues of $10 - $100 million. It looks to invest $5 - $40 million. Encore generally invests in control situations but will consider select minority investments. Encore will not invest in restaurant-only or retail-only companies. Encore operates in partnership with Encore Associates, a strategic advisory firm. Encore Consumer Capital was formed in 2005 and is based in San Francisco.

DEAL STATS #
Overall 9 of 22
Sector (Food) 3 of 9
Type (Add-on Acquisition) 8 of 18
State (Kentucky) 1 of 1
Country (United States) 9 of 21
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-20 LORAC Cosmetics

Valencia, California, United States

LORAC Cosmetics, Inc. is a provider of a pigment-packed formulas and wearable shades with the mindset of what a professional artist needs to create flawless looks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-16 Duke s Smoked Meats

United States

Thanasi Foods LLC is a maker of premium meat snacks, including Duke's® Smoked Shorty® Sausages and Duke's Brisket & Steak Strips. Focused on crafting the highest-quality smoked meat snacks available, the family-operated business refuses to take shortcuts and is committed to producing its products in small batches with real, whole ingredients, fresh never-frozen pork and chicken, 100% grass-fed beef, and authentic hardwood smoke pairings.

Sell -
Mergr

Product

Company

Legal