Cacique Inc. announced the acquisition of El Sol Foods, a maker of homestyle salsas headquartered in Gilbert, Arizona.
The acquisition signals the Cacique brand’s entrance into the salsa category. It allows Cacique to extend its portfolio of authentic, high-quality Hispanic foods rich in heritage and tradition to even more people across the country, according to a press release.
“For more than 45 years, family, quality, integrity and authenticity have been the pillars of the Cacique brand. El Sol shares similar values and an unwavering commitment to making the best tasting salsa in the market, so it’s an excellent strategic fit for Cacique. We couldn’t be more delighted to welcome El Sol into our family,” said Gil de Cárdenas, CEO of Cacique, Inc.
The acquisition of El Sol Foods, a family-owned company, reflects Cacique’s commitment to offer consumers a variety of authentic Hispanic foods. Distribution of the new Cacique salsa products will begin regionally in the western U.S. this May, with nationwide rollout beginning this summer.
The company said Cacique Homestyle Salsas are handcrafted with fresh produce using a small batch, cold process that guarantees homemade, authentic Mexican flavors in every bite, continuing the tradition that El Sol began more than 30 years ago.
El Sol Foods was founded by Daniel and Beatriz De La Cruz in Chandler, Arizona. Initially salsa was made in their kitchen and sold to friends and family. In 2005, a new manufacturing facility was built by the granddaughter, Marisol and her husband Ryan Bullock, according to the company’s website.
Cacique Salsas will be available in nine varieties, including Homestyle, Mild, Medium and Hot, as well as in multiple specialty and Organic Homestyle selections.
“We’re excited to further diversify our portfolio to offer even more key components consumers need to make authentic Mexican meals, and we intend to leverage our expertise and resources to build on El Sol’s track record of success,” said De Cárdenas.
Delmorgan & Co. served as financial advisor to El Sol Foods for this transaction.
Family-owned and founded in 1973, Cacique is a brand of Hispanic cheeses, creams, yogurts and chorizos. Headquartered in Monrovia, California, Cacique remains dedicated to producing authentic, fresh and high-quality Hispanic products.