BROOKLYN, N.Y. — Iberia Foods Corp., a manufacturer, importer and distributor of Hispanic, Caribbean and other specialty foods and beverages, has acquired the assets of Marcas Food Distributors, a Chicago-based independent distributor of Hispanic and European foods. Financial terms of the agreement were not disclosed.
As part of long-term plans for national expansion, the acquisition marks Iberia’s seventh distribution hub, with existing centers in New York, Miami, Orlando, Fla., Atlanta, Baltimore and Springfield, Mass. The new company, Iberia Food Company of the Midwest, will serve as a base of growth in Illinois, Wisconsin and Indiana.
“This initiative is part of a larger vision to gradually expand Iberia Foods Corp. nationwide within the next three to five years,” said Pedro Casais, vice-president of corporate sales for Iberia Foods. “We pinpointed the void and realized that the Midwest region was thirsty for a more diverse portfolio of Hispanic and Caribbean products.”
Iberia Foods, which began as an olive importer in the 1930s, is a subsidiary of Brooklyn Bottling Corp., a manufacturer and distributor of international beverage brands. The company’s products, which include olives and extra virgin olive oil, rice, beans, canned foods, seasonings and condiments, are available in more than 10,000 supermarkets, club stores, wholesalers and distributors on the East coast. Iberia Foods also distributes brands from the Caribbean, Latin America and Spain.Marcas Food Distributors distributes imported products from Spain, Peru, Guatemala, Colombia, Mexico, Italy and the Caribbean, as well as its own Mareli line, to hundreds of supermarkets, grocery stores, restaurants and distributors in the Midwest.