Wind Point invests in leading Latin American snack pellet manufacturer to build North American platform focused on the better-for-you and Hispanic snack segments
Wind Point Partners, a Chicago-based private equity firm, acquired Palmex S. de R.L. de C.V., a manufacturer of better-for-you and Hispanic snack pellets for salty snacks based in Monterrey, Mexico. The acquisition will serve as a platform to build a North American business-to-business salty snack manufacturer in the BFY and Hispanic segments.
Snack pellets are the intermediate form in many salty snack products, including veggie sticks or straws, three dimensional snacks, food carriers, wavy snacks and other unique forms. The company produces a broad portfolio of wheat, corn and potato-based snack pellets that are sold to large consumer packaged goods companies, regional manufacturers, distributors and “mom-and-pop” retailers across Latin American and the United States. Palmex operates two well-invested safe quality manufacturing (“SQF”) facilities.