Palladium Equity Partners has agreed to sell portfolio company Wise Foods, a salty snack maker, to Arca Continental, a Mexican producer of The Coca-Cola Company brand beverages. With its Wise, Cheez Doodles and Moore's brands, Wise Foods produces cheese snacks, popcorn, potato chips, tortilla chips and corn chips, and operates in 21 eastern U.S. states. Since acquiring Wise in 2000, Palladium helped reduce the company's debt, improve its operational efficiency and expand distribution of its products outside of its traditional East Coast footprint.
