Wind Point Partners, Chicago, and portfolio company Stir Foods, Orange County, Calif., and Pacifica Foods, Corona, Calif., acquired Sabra Dipping Co.'s salsa business based in Oceanside, Calif. The acquisition includes the Santa Barbara and Chachies brands, which will continue to be produced at the Oceanside facility, and the Sabra brand salsa, which will be phased out.
The acquisition of Sabra’s salsa business enhances the company's salsa manufacturing capabilities and adds capacity to support the continued growth of Stir-Pacifica.
"I am delighted to welcome the Sabra Salsa business and its employees to Stir-Pacifica. In this new phase, we are confident that together we will be able to accelerate growth and create value for all our stakeholders," says Milt Liu, chief executive officer of Stir-Pacifica. "The combination of these two refrigerated salsa operations is highly complementary and will enable us to better serve our combined customer bases through enhanced R&D and new packaging formats. Additionally, the facility in Oceanside is well-invested and its workforce has a strong food safety and quality culture. This is an excellent addition to Stir-Pacifica."
"The acquisition of the Sabra Salsa business fits squarely with our value creation plan. This investment will accelerate our ability to grow with our customers through more diversified manufacturing capabilities and continued investment in innovation," adds Joe Lawler, principal with Wind Point Partners.
"We are proud of the people and the products they produce at Oceanside, and are pleased the salsa business has been acquired by such a highly regarded organization," says Tomer Harpaz, chief executive officer of Sabra. "At Sabra Dipping Co., our focus will continue to deepen around hummus as consumers increasingly embrace this plant-based, feel good food for everyday use."