• Progressive Grocer, Wednesday, August 24, 2011 9:30 AM

MegaMex Foods LLC, a joint venture of Hormel Foods Corp. and Herdez Del Fuerte, S.A. de C.V., has completed its acquisition of Fresherized Foods, maker of Wholly Guacamole, the leading brand of prepared guacamole in the United States.

Annual sales for the company are expected to be about $140 million. "We look forward to the growth Wholly Guacamole, Wholly Salsa and Wholly Queso products will add to the MegaMex Foods portfolio of products," said Enrique Hernández-Pons Torres, chairman of the board of MegaMex Foods. "This acquisition enhances the position of MegaMex Foods as a one-stop-shop for Mexican foods."

Read the whole story at Progressive Grocer »