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.”