Both companies manufacture Hispanic frozen novelty products.
Wind Point Partners and portfolio company Tropicale Foods, an Ontario, Calif.-based manufacturer of authentic Hispanic-inspired frozen novelty products under the Helados Mexico brand, announced the acquisition of Paleteria La Michoacana (PLM), a portfolio company of Canum Capital Partners and Greyrock Capital Group.
PLM is a manufacturer of frozen novelty products under the La Michoacana brand, producing an assortment of traditional Hispanic offerings, including paletas, bolis and mangonada cups. The products are sold nationwide at multi-outlet retailers, convenience stores and traditional grocery outlets, Tropicale said. PLM operates a 45,000-square-foot SQF-certified facility in Modesto, Calif.