Beans distributor Teasdale Foods Inc., backed by Snow Phipps Group LLC, acquired Mesa Foods from Encore Consumer Capital. The purchase is part of Snow Phipps’ strategy to build the PE firm’s Hispanic foods platform. Encore invested in Mesa in 2013.
Mesa, founded in 1984 and based Louisville, Kentucky, produces private label tortillas, tortilla chips and taco shells. The target’s products are distributed in restaurants and grocery stores.