Cacique®, LLC – an independently owned Hispanic foods company and maker of authentic Mexican-style cheeses, cremas, and chorizos in the US – announced an addition to the company's ownership group as part of a round of funding that will be used to accelerate the brand's continued rapid growth nationwide. Boston-based investment manager The Baupost Group, LLC ("Baupost") will take a minority stake in Cacique.
Demand for Hispanic foods is exploding nationwide, and consumers are seeking authentic ingredients and high-quality products in this category. This investment is an important next step for the future of Cacique, and will support the company's long-term growth strategy, as well as allow the company to meet the growing demand for its products. Using the proceeds, Cacique will expand production capacity, increase R&D to drive product innovation and continue to sustainably enhance its national presence.
Cacique Announces Strategic Equity Investment by The Baupost Group to Accelerate Growth
The investment will support the company's long-term growth strategy
