Sahuarita Unified School District is paying one of the lowest amounts per meal in the state at $2.50, while Continental Elementary School District is paying a "very high" amount compared
Tattooed Chef (TTCF) to Acquire New Mexico Food Distributors, Inc and Karsten Tortilla Factory, LLC streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Plant-based food company Tattooed Chef entered into a deal to purchase New Mexico Food Distributors Inc. and Karsten Tortilla Factory LLC for $35 million, the company announced Monday, poising the company to expand its production capabilities and presence in the Hispanic foods market. The two companies are known collectively as Foods of New Mexico.
“We have seen tremendous growth in the Tattooed Chef brand and these two facilities will allow us to diversify our product lines and significantly increase our manufacturing capabilities our manufacturing capabilities to capitalize on the $20 billion Hispanic/Southwest Food sector and beyond,” said Sam Galletti, president and CEO of Tattooed Chef, in a statement. “We will be immediately addressing the $1 billion Frozen Mexican Food category once the transactions close. At full capacity, we believe Foods of New Mexico can contribute up to $200 million annually in revenue in the next two or three years and create significant value of
Tattooed Chef acquires two new manufacturing facilities targeting $1bn frozen Mexican food category Tattooed Chef has entered into agreements to acquire New Mexico Food Distributors, Inc. and Karsten Tortilla Factory, LLC (collectively referred to as “Foods of New Mexico”) for approximately $35m to ramp up production of its plant-based frozen foods offerings.
Founded in 1987 and headquartered in Albuquerque, New Mexico, Foods of New Mexico is a prepared food company that produces ready-to-eat Mexican food items for retail and foodservice. The acquisition of Foods of New Mexico s two facilities (totaling 118,000 square feet of combined production space) will allow Tattooed Chef to expand its tortilla manufacturing capabilities.