Sabormex Has Acquired BRIANNAS Fine Salad Dressings
HOUSTON, August 21, 2017 -- GulfStar Group ("GulfStar") is pleased to announce that Sabormex S.A. de C.V. ("Sabormex" or the "Company"), an operating company of the La Costeña Group of Mexico City, has acquired Del Sol Food Company, Inc. ("Del Sol"), owner of the BRIANNAS Fine Salad Dressings brand. GulfStar served as the exclusive financial advisor to Sabormex throughout the transaction, which closed on August 10, 2017.
La Costeña Group is a global packaged foods leader whose operating companies include La Costeña (La Costeña-branded products), Sabormex (Clemente Jacques, Oro and Café Garat), Faribault Foods and Vilore Foods, amongst others. La Costeña Group conducts business in over 30 countries worldwide and has a significant presence in the United States with manufacturing and distribution operations in Laredo, TX, Faribault, MN and Tucson, AZ.
"We are enormously honored to welcome Del Sol Foods and the wonderful BRIANNAS brand to our family of leading companies," said Vincente Lopez, Co-Chairman of Sabormex. "We look forward to continuing to grow and develop the BRIANNAS brand in the future, and want to expressly acknowledge the tremendous efforts of the Brown family and Del Sol's talented and dedicated workforce in building a world class brand with a passionate consumer following. We would also like to express our gratitude to the GulfStar and Paul Hastings teams, who provided us with invaluable guidance throughout the process and put forth a tireless effort to complete this transaction on a very aggressive timeline."
Founded in 1982, Brenham-based Del Sol is a family-owned and operated manufacturer of BRIANNAS Fine Salad Dressings. The leader in the gourmet, small batch, premium salad dressing category, BRIANNAS is sold in all 50 states and internationally in the United Kingdom, Canada, Central America and South America.
"It is an extraordinary privilege to represent La Costeña Group in its U.S. expansion efforts, and we're delighted to have helped them complete yet another very successful transaction," said Scott Winship, Managing Director at GulfStar Group. "This deal was a natural fit from the outset, as Sabormex and Del Sol share a number of very important core values that center on: employee care, obsessive customer service and an unwavering commitment to quality and product integrity. There is very large embedded growth potential in the BRIANNAS brand, and we look forward to its increasing consumer reach in the coming years through both geographic expansion and exciting line extensions."
The GulfStar transaction team consisted of Managing Director Scott Winship and Vice President Ben Stanton.
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About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 650 transactions in 33 states and 15 foreign countries across a variety of industries.