Landec acquires Yucatan Foods
The move advances Landec’s position from a packaged, fresh vegetable business to a branded, natural foods business focused on plant-based foods with 100% clean ingredients.
Landec Corp., Menlo Park, Calif., announced that its wholly-owned subsidiary, Apio, Inc., Guadalupe, Calif., acquired Yucatan Foods, L.P, Los Angeles.
This acquisition adds Yucatan Foods’ Yucatan and Cabo Fresh guacamole brands to Landec’s portfolio of 100% clean ingredient, plant-based brands, including Eat Smart packaged fresh vegetables and salad kits, Now Planting pure-plant meal solutions and more.
The move also advances Landec’s position from a packaged, fresh vegetable business to a branded, natural foods business focused on plant-based foods with 100% clean ingredients.
“We are excited for the team at Yucatan Foods to join Landec Natural Foods, as we create a different kind of food company,” says Molly Hemmeter, president and CEO of Landec. “At Landec Natural Foods, we are reimagining the way fresh, plant-based foods are grown, prepared and delivered.”
Yucatan brand guacamole offers traditional, authentic Mexican taste, sold in the deli section of grocery retail stores. The Cabo Fresh brand targets plant-forward food consumers, with unique blends of fresh ingredients and bold flavors from regions around the world, available in the produce section.
“Plant-forward consumers are currently seeking solutions outside of retail stores – in foodservice, direct-to-consumer meal kits and home preparation. Our growing portfolio of plant-based products enables us to work strategically with our customers to evolve the fresh perimeter of the store by offering solutions that attract the growing population of plant-forward consumers and bring them back in store,” says Hemmeter. “The acquisition of Yucatan Foods provides Landec Natural Foods with on-trend products that consumers are craving. In addition to new guacamole recipes, Yucatan recently launched its Guac-N-Chips product, meeting the needs of the on-the-go consumer, and avocado butter products. The addition of Yucatan Foods not only broadens our plant-based product offering, but [also] enhances the Landec Natural Foods capabilities within sales, customer service, supply chain and innovation to better serve our customers for the long-term.”