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PE Firm Invests in Mama Lycha Foods

Sept. 11, 2024
Rotunda Capital Partners looks to accelerate growth of Latin American foods processor in partnership with founding Padilla family.

Houston, Texas-based Mama Lycha Foods has received an investment from Rotunda Capital Partners, according to a release announcing the investment. Mama Lycha manufactures foods that highlight authentic Latin American cuisine distributed through more than 750 retail grocery stores and more than 150 regional partner distributors across 37 states and three Canadian provinces.

The investment was made in partnership with the founding Padilla family, and Dan Lipson, managing partner at Rotunda, said the firm looks forward to partnering to accelerate strategic growth investments for Mama Lycha. The Padilla family, including the current general director, Maria Padilla-Gonzalez, will continue to work in the business and help lead the next generation of management, the release said.

Luis Marconi, executive partner of Rotunda, will become executive chairman of the board of Mama Lycha. Marconi was most recently head of Grocery Products for Hormel Foods and president of the Megamex Foods joint venture between Hormel and Herdez Del Fuerte.

Mama Lycha was founded in 1993 and has additional facilities in Grand Prairie, Texas, and Central America.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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