Rio Grande Foods
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Rio Grande Foods, operating under Rio Grande Food Products, Inc., is a family-owned food manufacturing and distribution company specializing in authentic Latin American food products. Founded in 1989, the company is headquartered in Laurel, Maryland. Rio Grande Foods focuses on delivering nostalgic Hispanic flavors to Latino communities across the United States and Canada, emphasizing quality ingredients and traditional recipes to preserve cultural heritage. Business/Product Breakdown: Rio Grande Foods offers an extensive portfolio of over 300 Hispanic food and beverage products, designed to evoke the authentic flavors of Latin America. Its product range includes bakery items like tortillas and pastries, beverages such as coconut milk and fruit-based drinks, canned and jarred goods like beans and salsas, dairy products including creamy cheeses, frozen foods such as tamales and pupusas, grains, snacks, and sweets. Notable products include Salvadoran tamales pisques and home-style salsa picante, available in mild and medium heat levels, made with all-natural ingredients like diced tomatoes, garlic, and cilantro. The company operates a vertically integrated manufacturing and distribution model, growing and supplying many raw materials to ensure freshness, quality, and cost competitiveness. Its modern factory in Laurel, Maryland, utilizes state-of-the-art machinery to produce goods distributed across 32 U.S. states and Canada. Products are sold through the company's e-commerce platform (www.riograndefoods.com), major retailers, and wholesale channels to restaurants and grocery stores, with a store locator to help consumers find nearby stockists.
Keywords
Keywords
Classified
Private