Teasdale Quality Foods acquires Hoopeston Foods

by Allison Gibeson
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NEW YORK — Teasdale Quality Foods, Inc., a California-based portfolio company of Palladium Equity Partners, L.L.C. and manufacturer of Hispanic foods, has acquired Hoopeston Foods, Inc., a producer of canned dried beans based in Hoopeston, Ill.

“Since its founding, Hoopeston has been an innovator in supplying high-quality organic and all-natural canned beans to a broad base of retail, food service and industrial customers throughout the U.S.,” said Luis Zaldivar, managing director at Palladium. “The company’s strong retail customer relationships make it a natural fit for Teasdale, which has an established West coast presence in both retail and food service segments. We look forward to working with management as we pursue the market opportunities that lie ahead for the combined businesses.”

Terms of the transaction were not disclosed.
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