Teasdale to Expand Production into the Midwest with Add-on Deal
September 10, 2012
PE-backed Teasdale Quality Foods, a manufacturer of canned hominy, beans and other Hispanic food products, has acquired Hoopeston Foods. The deal was sponsored by Palladium Equity Partners, which acquired Teasdale in 2011. Based in Illinois, Hoopeston manufactures an assortment of shelf-stable bean products, including kosher, organic and ethnic options. Through the transaction, Teasdale will be able to expand its manufacturing capabilities outside of California.