InterFoods Consolidated Acquires Stake in Mexican Food Manufacturer

InterFoods Consolidated Inc. (Encino, CA) has acquired 49% of Queen International Foods Inc. through its newly formed Mexican foods subsidiary, Sierra Vista Foods Inc. Queen is a 21-year-old manufacturer of frozen Mexican foods such as burritos and chimichangas with sales of approximately $9.5 million in fiscal year 1998.

This transaction represents InterFoods' largest acquisition in the Southern California area, one of the largest Mexican-American food markets in the United States.

InterFoods completed this recent acquisition with The Original Casa Grande Co., a fully owned subsidiary of La Reina Inc. La Reina is a privately held tortilla manufacturer based in Los Angeles.

InterFoods is a manufacturer, distributor and marketer of specialty gourmet and Mexican food products. Its wholly owned subsidiary, Holland American International Specialties, is a 56-year-old wholesaler and retailer of specialty gourmet foods. InterFoods also manufactures Mexican food products through its Sierra Vista Foods Inc. subsidiary.