Plant-based specialist Tattooed Chef announced it has completed the acquisition of New Mexico Food Distributors, Inc. and Karsten Tortilla Factory, LLC, collectively referred to as “Foods of New Mexico” for approximately USD37m in cash, a company statement reads. This acquisition diversifies Tattooed Chef’s manufacturing capabilities, expands production capacity, and accelerates the company’s expansion outside frozen food and into ambient products.
Founded in 1987, Foods of New Mexico is a prepared food production company that produces ready-to-eat New Mexican food items both for retail and food service. Foods of New Mexico’s line of products continues to provide the recipes that have been handed down through generations of families. Foods of New Mexico products are complete farm crop-to-package integration and nationwide distribution network allows them to consistently deliver the highest quality foods with the greatest reliability standards in the food industry. Its facility in Albuquerque currently produces Mexican foods including quesadillas, burritos, and other handheld items, as well as sauces. The second facility in Karsten is brand new and will enable Tattooed Chef to have extensive tortilla manufacturing capabilities as well as be able to customize the existing footprint.