Encore Consumer Capital has sold Mesa Foods to Teasdale Foods
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Mesa Foods, LLC (“Mesa” or the “Company”), a portfolio company of Encore Consumer Capital (“Encore”), has been sold to Teasdale Foods, a portfolio company of Snow Phipps Group.
Mesa is the market’s leading provider of private label flour and corn tortillas, flatbreads, taco shells, taco kits and pre-cut uncooked tortilla chips. Headquartered in Louisville, Kentucky, the Company utilizes industry-leading R&D and flexible manufacturing processes to deliver high-quality, innovative products customized to customers’ precise needs at cost-effective scale. Mesa sells its products to a base of long-standing customers across major channels, including retail, food manufacturing and foodservice.
The sale of Mesa continues Lincoln’s success in the hispanic cuisine, baked goods, tortilla and flatbread and private label food categories. In addition to Mesa, Lincoln has advised on the sale of food companies specializing in salsa and sauces, beans and hominy, queso fresco and other hispanic dairy products. Lincoln has also successfully represented numerous baked goods companies in the past year, including three tortilla and flatbread companies in sales to strategic acquirers. Finally, the sale of Mesa adds to Lincoln’s unsurpassed track record of representing the leading private label food companies in North America.
Lincoln acted as the exclusive sell-side advisor to Mesa, working closely with the management team and shareholders throughout the sale process to provide advisory expertise and manage the marketing, due diligence and negotiation phases of the transaction.
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