Tyson Foods Subsidiary Acquires Don Julio Foods
by February 15, 2013 11:10 am 259 views
Tyson Mexican Original Inc., a subsidiary of Tyson Foods Inc., has acquired Don Julio Foods of Clearfield, Utah.
The announcement was made Friday by Tyson Foods president and CEO Donnie Smith. Don Julio makes corn and flour tortillas, as well as lines of snacks like chips and pretzels. The products are sold to retailers throughout the U.S. under the Don Julio Authentic and Clover Club brands.
“Don Julio is an example of a brand that’s the right fit for Tyson Foods,” Smith said in the release. “The people are great, the business expands on an existing tortilla business where we already have expertise, and it will allow us to offer our retail customers another product with a loyal consumer following.”
Tyson Mexican Original is the second largest manufacturer of tortillas in the U.S., according to the release.
The release also said Don Julio’s management team – which includes Nate Fisher, son of company founder, Craig Fisher – will continue to manage the operation. Don Julio employs about 50 people, the majority of whom are expected to become Tyson employees.
The acquisition includes all brands marketed by Don Julio, equipment and related assets. Financial terms were not disclosed.