US-based condiments, seasonings, and spices producer Sauer Brands 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 described as one of the US’s leading independent salsa brands, marketing a wide range of salsas positioned as “all-natural”.
The acquisition of Mateo’s Gourmet Salsa allows Sauer Brands to enter into the salsa business as part of an expansion strategy initiated following its acquisition by Falfurrias Capital Partners in 2019, the company said
“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: Sauer Brands (via PR Newswire)