Hispanic-foods firm Tropical Cheese enters meat with Cibao purchase

Core Insights - Tropical Cheese has acquired Cibao Meat Products, enhancing its dairy portfolio with animal protein offerings [1][2] - The acquisition aims to create a more comprehensive range of branded Hispanic refrigerated food products [2] - The deal is expected to accelerate Tropical Cheese's growth trajectory under the leadership of new CEO Victor Mehren [2][3] Company Strategy - The integration of Cibao will strengthen Tropical Cheese's Meats Division and expand its Hispanic foods platform [3] - The acquisition provides customers with improved product offerings and enhanced service capabilities [3] - Tropical Cheese is focused on expanding its market reach and growing its portfolio to become a leading brand in Hispanic refrigerated food products on the East Coast [5] Background Information - Tropical Cheese, founded in 1982, started as a small milk delivery service and has since diversified into various food products [4] - The company received significant investment in 2024 from Avance Investment Management and AUA Private Equity Partners, with the founding Mendez family retaining a minority stake [5] - Tropical Cheese also serves markets beyond the US, including the Caribbean, Central and South America, and Europe [6]