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Breakfast trends at both retail and foodservice are adapting to evolving tastes, requiring food industry players to adjust to satisfy consumers, according to a study produced by Packaged Facts, Rockville, Md.
While Hispanic buying power is concentrated in select markets, including New Mexico, Texas, California, Florida, Nevada, Colorado, New Jersey, New York and Illinois, their interest in new products is spread across retail departments.
The Hispanic community is the fastest-growing ethnic group in the nation and spends more than $94.7 billion on CPG products annually, according to a report released by IRI, Chicago.
The January Co. is renowned for its authentic, high-quality Chinese-style sausage and BBQ pork products sold throughout the United States under the Kam Yen Jan and Yangtze brands.
Tall Tree Foods, a Milwaukee-based portfolio company of Altamont Capital Partners (Altamont), Palo Alto, Calif., acquired The January Co., a manufacturer of Chinese-style meat products based in Kent, Wash.
Blount Fine Foods, a Fall River, Mass.-based manufacturer of premium, hand-crafted soups, entrées, sauces and side dishes for retail and foodservice, purchased Food Source LP, a custom food manufacturer based in McKinney, Texas.