🔥 Tapatío Sold to Investment Firm, Company Eyes National Expansion
A California based favorite in many households throughout the 916 has been sold by the original family. Let’s hope they don’t change the recipe and keep the same quality.
via
@thesocaltimes
The family behind the iconic hot sauce brand has sold its stake to a Dallas-based private investment firm.
The Saavedra family, who founded and operated the company for more than 55 years,
Jose Luis Saavedra started the company in 1971.
The company began in a small 750 square foot warehouse in Maywood, California, and is currently based in Vernon, California.
is stepping back as new leadership takes over.
Company officials say they plan to capitalize on rising demand for bold flavors partly driven by the popularity of weight-loss drugs to expand Tapatío into new markets, particularly east of the Rockies.
Despite the ownership change, leaders say they intend to preserve the brand’s roots and keep its workforce intact. Tapatío’s production facility will remain in Vernon.
Financial details of the deal were not disclosed.
#tapatio #california #hotsauce