SAN JOSE, CALIF. — Authentic Hispanic foods manufacturer Marquez Brothers International, Inc., reached an agreement to acquire dairy manufacturer Hato Potero Farms, owner of the YoGusto drinkable yogurt brand.
Operating both in the United States and Mexico, Marquez Brothers said purchasing Florida-based YoGusto marked a milestone as the company looks to expand its portfolio and further solidify its place in the US food market. Terms of the deal were not disclosed.
Beyond drinkable yogurt, YoGusto also produces lactose-free milk, chocolate milk, sour cream and cheese products. Marquez Brothers noted Hato Potero Farms operates a plant in Clewiston, Fla., and a distribution center in Miami, employing roughly 70 people.
Gustavo Marquez Jr., chief executive officer at Marquez Brothers, said the purchase allows the company to expand production capabilities and distribution on the East Coast, as well as take the Southeastern YoGusto brand nationwide.
"This acquisition fits our strategy of focusing and growing in the Hispanic food categories and will allow us to continue growing our core business by strengthening our position in a rapidly growing market that is gaining space in mainstream consumption,” Marquez said.
The CEO also noted that YoGusto drinkable yogurt products complement the company’s flagship brand, El Mexicano, which makes Saborico yogurt drinks.