Cacique, LLC Announces Strategic Equity Investment by The Baupost Group, LLC to Accelerate Growth
Cacique®, LLC – a leading independently owned Hispanic foods company and maker of the number-one brand of authentic Mexican-style cheeses, cremas and chorizos in the U.S. – announced an addition to the company’s ownership group as part of a round of funding that will be used to accelerate the 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, and consumers are seeking authentic ingredients and high-quality products in this category. 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.
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Tom Blumenthal of Baupost added, “The de Cardenas family has built an exceptional business committed to producing the highest-quality authentic products. We couldn’t be more excited to be partnering with them and the Cacique management team to continue the company’s leadership and growth across the Hispanic foods category.”
