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Synopsis
Avance and AUA-backed Tropical Cheese, a producer of Hispanic dairy products in the US, completed the acquisition of Cibao Meat Products. a manufacturer of Hispanic-style meat products. Financial terms were not disclosed. "This acquisition accelerates Tropical Cheese's growth by uniting two category leaders in Hispanic foods. With Cibao, we will significantly strengthen our Meats Division, expand our Hispanic foods platform, and broaden our reach across the food industry and Hispanic community. This combination provides our customers with more high-quality offerings, stronger support, and additional resources behind service and execution," Vic Mehren, Tropical Cheese CEO.
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