News from dairy processors, associations and suppliers.
Cacique LLC, a Los Angeles-based Hispanic foods company that makes authentic Mexican-style cheeses, cremas and chorizos, announced an addition to the company's ownership group as part of a round of funding that will be used to accelerate its brand’s continued rapid growth nationwide. Boston-based investment manager The Baupost Group LLC will take a minority stake in Cacique.
Demand for Hispanic foods is exploding nationwide, Cacique said, and consumers are seeking authentic ingredients and high-quality products. This investment is an important next step for the future of Cacique, and will support the company's long-term growth strategy, as well as allow the company to meet the growing demand for its products. Using the proceeds, Cacique will expand production capacity, increase research and development to drive product innovation, and continue to sustainably enhance its national presence.