US-based condiments, seasonings, and spices producer has entered into an agreement to acquire Mateo’s Gourmet Salsa a shelf-stable salsa maker for an undisclosed sum.
Founded in 2010 in Texas, Mateo’s Gourmet Salsa is one of the nation’s leading independent salsa brands owning a wide range of all-natural salsas.
The acquisition of Mateo’s Gourmet Salsa allows Sauer Brands to enter into the salsa business as part of its strategy of expansion started after its acquisition by Falfurrias Capital Partners in 2019.
“We are incredibly excited to add Mateo’s Gourmet Salsa to our growing family of highly differentiated, and inspired flavors,” said Martin Kelly, President and CEO of Sauer Brands. “There are many synergies across our product lines and we see significant growth potential in the salsa category, so it’s a great fit for our organization.”
Source: PR Newswire