Teasdale Latin Foods acquires Rudy’s Tortillas
Teasdale Latin Foods, a U.S. provider of private label and branded Hispanic foods owned by private equity firm Snow Phipps Group, has acquired Rudy’s Tortillas, a provider of tortillas and chips to the foodservice channel.
Teasdale Latin Foods, a U.S. provider of private label and branded Hispanic foods owned by private equity firm Snow Phipps Group, has acquired Rudy’s Tortillas, a provider of tortillas and chips to the foodservice channel. Founded in 1945 and based in Carrollton, Texas, Rudy’s has successfully grown by partnering with foodservice businesses to drive innovation and product quality across its bakery offerings. The terms of the acquisition were not disclosed.
The transaction advances Snow Phipps’ strategy of building a comprehensive Hispanic foods platform diversified across product, customer, channel, and geographic exposure, and further enhances Teasdale’s national footprint in the Hispanic foods category, specifically within the bakery and foodservice channel. Rudy’s will continue to operate as a division of Teasdale Latin Foods with the existing management team continuing with the business.
“Rudy’s deepens our Hispanic bakery product offering and allows us to drive further growth across the foodservice channel, providing the company access to larger adjacent markets across an even broader consumer base,” said Peter Shea, chairman of Teasdale and operating partner at Snow Phipps.