Teasdale Latin Foods, backed by middle-market private equity firm Snow Phipps Group LLC, has purchased Rudy’s Tortillas for an undisclosed amount. The target will operate as a division of Teasdale as a part of the deal.
Family owned and operated since 1945, Rudy’s is an independent provider of tortillas and chips for the foodservice channel, an industry involving businesses responsible for the preparation of meals outside the home. The Carrollton, Texas-based target used corn and flour to produce a variety of tortilla products including: burritos, wraps, pre-cut corn chips and pre-fried chips and shells. The company was founded as Texas Tortilla Factor by Joes R. Guerra.