Tyson Acquires Maker of Mexican Food
Springdale, Ark.-based Tyson Foods is going west for its latest acquisition.
On Monday, the chicken conglomerate announced that it has acquired from Claridge the assets of California-based Circle Foods, LLC, a producer of frozen and refrigerated handheld Mexican foods under the brand names Nuevo Grille and Tortillaland, uncooked Tortillaland tortillas, and also Rotiland-brand Indian flatbreads. The company also has a private-label business through which it produces foods for third-party customers.
The acquisition brings with it a 159,000-square-foot production facility in San Diego, and adds 600 Circle Foods employees to Tyson's current workforce of 115,000. Tyson says the acquisition closed on June 1, but it did not disclose the purchase price. Claridge is an investment firm headquartered in Montreal, Quebec.
The article Tyson Acquires Maker of Mexican Food originally appeared on Fool.com.
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