Teasdale Quality Foods Inc. (Atwater, Calif.), a manufacturer of Hispanic foods, canned hominy and beans and conventional and organic canned dried beans, has acquired Zateca Foods LLC (Greeley, Colo.) and its sister organization Greeley Trading Company. Terms were not disclosed. Zateca is a vertically integrated producer of pre-cooked, dehydrated beans, which it sells to institutional foodservice providers, ingredient and spice manufacturers, commissaries and branded food manufacturers. Its main product offerings include refried bean mix, pre-cooked dry whole beans, bean flakes, bean powder, bean granules and quick cooking beans. Teasdale is a portfolio company of a private equity fund affiliated with Palladium Equity Partners LLC, which focuses on investments in the U.S. Hispanic marketplace. This is Teasdale’s second acquisition following its September 2012 purchase of Hoopeston Foods Inc., a producer of conventional and organic canned dried beans in the Midwestern U.S.
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