Private equity firm Encore Consumer Capital has completed the sale of its portfolio company, Mesa Foods, a producer of tortillas, flatbreads and taco shells to Teasdale Foods, a leading provider of private label and branded beans, hominy, peppers, sauces, corn products and seasoning products.
Scott Sellers, Managing Director of Encore Consumer Capital, says: "It has been a great pleasure for us at Encore to have partnered with the talented team at Mesa Foods. We could not be more proud of what the team has accomplished as it has continually innovated and worked collaboratively with its customers to meet their needs. The Company's growth exceeded our expectations."
"Encore has been a great partner over the past three years. They've provided strategic guidance and helped us expand our capacity and capabilities," says Ted Longacre, CEO of Mesa. "We look forward to continuing producing high quality products for our customers as a part of the Teasdale organisation."
Lincoln International LLC provided strategic and financial advisory services to Mesa. Brownstein Hyatt Farber Schreck, LLP acted as legal counsel to Mesa in this transaction.
