USA: Valley Milk, Rizo family form Francisco Foods to acquire Rizo-Lopez assets

Valley Milk, a California-based dairy ingredient producer, has partnered with the Rizo family to establish Francisco Foods LLC, a joint venture that will acquire the assets of Rizo-Lopez Foods out of bankruptcy.

The newly formed entity is set to take control of Rizo-Lopez’s production facility in Modesto (CA), alongside its portfolio of brands, which includes Tío Francisco, Rizo Bros and Don Francisco. Rizo-Lopez Foods, a producer of Mexican-style dairy products, entered bankruptcy proceedings following a significant product recall in early 2024.

Commenting on the partnership, Damien Caton, CEO of Valley Milk, said: “This partnership is a natural extension of Valley Milk’s commitment to the Central Valley community and the dairy industry. We are proud to work alongside the Rizo family to bring quality Hispanic-style dairy products back to consumers who have long valued this brand”.

According to the companies, the deal aims to revitalise the brands and ensure the continued operation of the Modesto site.

Source: Valley Milk (via Business Wire)