Sauer Brands Inc., a portfolio company of Falfurrias Capital Partners, has acquired Mateo’s Gourmet Salsa
Mateo’s is one of the leading, independent salsa brands in the U.S. Mateo’s is available in national retailers, such as Costco, Walmart, Target, Publix and Kroger. The company’s all-natural line of products includes a wide variety of salsas ranging from core flavors, such as Mild, Medium and Hot, to small-batch gourmet flavors, such as Habanero, Hatch and Cantina Style.
Sauer Brands was founded as the C.F. Sauer Company in 1887, in Richmond, Virginia. The company produces a broad line of inspired flavors and products to excite and delight consumers, including condiments, spices, seasonings and extracts. The company’s manufacturing facilities are in Richmond, Virginia; Mauldin, South Carolina; New Century, Kansas; and San Luis Obispo, California. Sauer Brands sells well known brands, including Duke’s Mayonnaise, Duke’s Southern Sauces, Kernel Season’s Popcorn Flavorings, the Spice Hunter, Sauer’s and Tasty Shakes. The company also produces high-quality, private label products for the retail and away-from-home channels.
Lincoln acted as the exclusive financial advisor to Sauer Brands and Falfurrias Capital Partners, providing valuation guidance, competitive and industry intelligence, due diligence assistance and negotiation support. Terms of the transaction were not disclosed.
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