A Hispanic, family-owned refrigerated food company will receive a large private equity investment, Food Engineering recently reported.

Del Real Foods was founded in 2002 by the Cardenas family, first-generation Mexican-American heat-and-serve manufacturers. The investment they receive from Palladium, a firm managing $2.0 bn in assets, will help Del Real expand into new geographies, broader distribution channels, and complementary product categories.

“In Palladium, we have found a partner who is just as enthusiastic about Del Real and its future as we are,” said Jesus Cardenas Jr., an equity holder of Del Real Foods. “Our company has a strong business, proud heritage and identity. Palladium shares our vision to maintain this legacy as we carefully target opportunities to grow the company geographically and in new distribution channels.”

Read more at Food Engineering


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