Sabrosura Foods, LLC, a marketer and distributor of branded Hispanic food products, announced the acquisition of Pancho's Mexican Foods, Inc., the manufacturer of America's favorite queso dip since 1956. Pancho's will join the Sabrosura Foods family of well-known brands, which include: El Viajero, La Morenita, Reynaldo's and Bio Salud!. Sabrosura Foods is a natural partner for Pancho's to continue its rapid expansion nationwide across the mass, club and grocery channels. Terms of the transaction were not disclosed. Sabrosura Foods is a portfolio company of Centre Partners.
Founded in 1956, Pancho's gained its popularity as a local Memphis favorite before evolving as a leading brand in the refrigerated queso dip category, now found at more than 1,200 stores nationwide. Pancho's maintains a highly loyal consumer following because of its great tasting, high quality product and exclusive use of fresh ingredients, with no artificial fillers and flavors.
Cascadia Capital served as the exclusive financial advisor to Pancho's, Dechert LLP served as the exclusive legal advisor to Sabrosura Foods and Centre Partners and Giannuzzi Lewendon served as the exclusive legal advisor to Pancho's.
