USA: Highlander Partners acquires Tapatio Foods

Highlander Partners, the Dallas-based private investment firm, has acquired the California-based hot sauce manufacturer Tapatio Foods for an undisclosed sum.

Founded in 1971 by Jose-Luis Saavedra, Tapatio Foods has remained a family-owned business for over five decades, growing from a local start-up into a leading national brand. The company, headquartered in Escondido, produces a signature salsa picante, known for its “Charro” cowboy label design. Under the terms of the transaction, the Saavedra family will remain involved in the operations of the business.

Highlander Partners, which manages approximately $3 billion in assets, stated that it plans to accelerate the brand’s growth through expanded distribution and product innovation. The acquisition aligns with the firm’s focus on the food and beverage sector, where its portfolio already includes salty snack manufacturer Benestar Brands.

Jeff L Hull, president and CEO of Highlander Partners, commented: “Tapatio is an exceptional brand with an incredible history and a loyal consumer following. We are excited to partner with the Saavedra family to build upon the strong foundation they have established and to drive the brand’s continued success”.

Source: Highlander Partners