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Raymundo's Food Group, a leading ethnic food producer, announced today that Raymundo's, the creator of America's #1 selling flan is expanding its products line of authentic Hispanic desserts to include Small Batch Flan and Rice Pudding.
Cacique, a leading privately-owned Hispanic foods company and maker of the #1 brand of authentic Mexican-style cheeses, cremas and chorizos in the U.S., officially broke ground on an $88 million dairy processing facility in Amarillo, Texas. The new 200,000 square-foot facility will help meet the growing demand for Cacique's high-quality products nationwide. The company is planning to begin operation at the new facility in the fall of 2022 and expects to create approximately 200 new full-time jobs.
Cacique, a leading independently owned Hispanic foods company and maker of the #1 brand of authentic Mexican-style cheeses, cremas, and chorizos in the States, announced an addition to the company's ownership group as part of a round of funding that will be used to accelerate the brand's continued rapid growth nationwide. Boston-based investment manager The Baupost Group will take a minority stake in Cacique.
Del Real manufactures a variety of heat-and-serve Hispanic food products, including value-added proteins such as Carnitas and Barbacoa, rice and bean dishes and staples such as tamales and salsas.
Palladium Equity Partners, LLC, New York, announced that one of its affiliated private equity funds made a significant investment in partnership with the founding family of Del Real Foods, a Hispanic refrigerated foods company based in Mira Loma, Calif.