Cacique Inc., a maker of authentic Mexican style cheeses, cremas and chorizos, has acquired family-owned El Sol Foods, a maker of homestyle salsas headquartered in Gilbert, Arizona.
The acquisition will be the Monrovia, California-based Cacique brand’s entrance into the salsa category. It allows Cacique to extend its portfolio of authentic Hispanic foods to consumers across the country.
Distribution of the new Cacique salsa products will begin regionally in the western United States this May with nationwide rollout beginning this summer.
Cacique Homestyle Salsas are handcrafted with fresh produce using a small batch, cold process that guarantees homemade, authentic Mexican flavors in every bite, continuing the tradition that El Sol began more than 30 years ago. Cacique salsas will be available in nine varieties, including homestyle, mild, medium and hot, and multiple specialty and organic homestyle selections.
“For more than 45 years, family, quality, integrity and authenticity have been the pillars of the Cacique brand. El Sol shares similar values and an unwavering commitment to making the best tasting salsa in the market, so it’s an excellent strategic fit for Cacique. We couldn’t be more delighted to welcome El Sol into our family,” said Gil de Cárdenas, CEO of Cacique. “We’re excited to further diversify our portfolio to offer even more key components consumers need to make authentic Mexican meals, and we intend to leverage our expertise and resources to build on El Sol’s track record of success.”
Chicago-based McNally Capital served as financial advisor and De Cardenas Law Group served as legal advisor to Cacique. Delmorgan & Co. served as financial advisor to El Sol Foods for the transaction.
Family-owned and founded in 1973, Cacique is now the number one brand of Hispanic cheeses, creams, yogurts and chorizos in the United States. Cacique remains dedicated to producing authentic, fresh and high-quality Hispanic products.
