Sigma Alimentos, S.A. de C.V., a company dedicated to the production, marketing, and distribution of quality branded foods, acquired a majority stake in Los Altos Foods, a U.S. Hispanic Cheese and Cream processor. 

Financial terms were not disclosed.

Los Altos Foods is a producer of authentic Mexican cheese products positioned for the multicultural North American consumer market. The company operates one plant near Los Angeles. 

With the transaction, Sigma became the majority owner of Los Altos, which generates approximately $100 million in annual revenue.

"This transaction is aligned with Sigma's strategy and will allow us to continue growing the Core business by strengthening our position in a rapidly growing market that is gaining space in mainstream consumption. We are excited about the prospect of welcoming Los Altos, a great Hispanic cheese brand, to our portfolio. I'm confident that the sum of Los Altos and Sigma will allow us to better satisfy the needs of our customers and consumers. This transaction also enhances our existing network with production capacity on the West Coast," said Rodrigo Fernandez, Sigma's CEO.