On the Street: J & J Buys California Churros
June 13/Food & Beverage Close-Up -- J & J Snack Foods Corp. said that its subsidiary company, J & J Snack Foods Corp. of California, has acquired the assets of California Churros, a manufacturer of churros located in Colton, Cal.
California Churros had sales of approximately $11 million in 2009. The founding Martinez family will be staying on to serve with the company, which will remain in Colton.
Jorge Martinez, the founder of California Churros, said, "We are pleased to partner with J & J Snack Foods and look forward to continuing to grow the churro category."
Gerald B. Shreiber, president and chief executive officer of J & J Snack Foods Corp., said, "The quality of California Churros and its product line speaks for itself. We welcome the Martinez family to our organization. It is our desire to continue to expand and develop this niche product and category."
From the June 21, 2010, Prepared Foods E-dition