Juanita's Foods, a California-based producer of Mexican food products, has been acquired by private equity firm Apex Capital, officials announced Monday.
Apex said the move fits within its broader strategy of investing in and scaling "category-defining consumer businesses" through its "proprietary operational framework." The company is also affiliated with food and beverage conglomerate Grupo Mariposa.
Juanita's owners, the De La Torre family, will retain a "significant" ownership interest in the company and continue to be involved in its operations.
Terms of the deal were not disclosed.
"This partnership strengthens our commitment to expanding Juanita's into new markets and categories," Aaron De La Torre, the CEO of Juanita's, said in a statement. "Apex Capital brings the expertise and resources needed to support our continued growth while preserving our dedication to our employees and customers."
"This investment is a strong fit with our strategy of nurturing heritage Hispanic brands with high growth potential, guided by a focus on operational excellence and sustainable value creation," Apex Managing Partner Pedro Palma said in a statement.
