Latin American and Caribbean foods company El Latino has partnered with private equity firm Apex Capital to expedite its expansion in the U.S. food and beverage industry.
In an official statement, El Latino announced that Apex Capital will serve as a “strategic partner,” assisting in the company’s “next phase of growth and to provide additional capabilities.” This collaboration aligns well with current food and drink consumer trends, as organizations increasingly seek innovative partnerships to enhance market presence.
Based in Doral, Florida, El Latino was founded in 2002 by María Elena Ibañez. As the company’s president, Ibañez emphasized, “This alliance with Apex Capital will enhance El Latino’s ability to deliver even greater value to our customers while strengthening our long-term relationships.” She added, “It also creates a compelling opportunity to expand into new regions across the United States, bringing our proven model and high-quality offerings to a broader and increasingly dynamic market.”
El Latino’s product range includes cheeses, yogurts, arepas, empanadas, and frozen items. The company distributes its offerings through prominent U.S. supermarket chains like Walmart and Costco, as well as Hispanic grocery stores, enhancing its visibility in regions such as Texas, Kansas, Missouri, and Puerto Rico.
Apex Capital contributes “more than 140 years of combined experience in the food and beverage industry” via its association with Grupo Mariposa. This private equity firm is part of a Latin American conglomerate with a significant presence across over 20 countries, further strengthening the partnership’s potential in the food and drink business.
While financial terms of the agreement remain undisclosed, Ibañez will continue as president to ensure “strategic continuity, stability, and close connection with clients.” Pedro Palma, Apex Capital’s managing partner, stated, “This partnership represents an opportunity to build on a strong and proven platform while accelerating its next phase of expansion.” He also expressed excitement about supporting El Latino’s growth agenda, which is firmly rooted in quality, service, and innovation—key tenets of success in the food and beverage industry trends.
In a related move last April, Apex Capital acquired a majority stake in California-based Juanita’s Foods, a company known for its shelf-stable Mexican staples. Founded in 1946 by the De La Torre family, Juanita’s Foods diversifies the market with products such as menudo, pozole, hominy, albondigas, and nacho cheese.
