Farragut Invests in Fiesta Canning Company, Inc.

WASHINGTON, D.C. – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of an investment in Fiesta Canning Company, Inc. (“Fiesta” or the “Company”).  Farragut invested subordinated debt and equity to support the acquisition of the Company by Taglich Private Equity, LLC.

Founded in 1984 and based in McNeal, Arizona, Fiesta is a leading value-added processor of green chiles and jalapenos, enchilada sauces, salsas, taco sauces, and other products such as crushed tomatillo, whole tomatillo, and red chili paste.  Fiesta conducts its operations from a 116,000 square foot facility and manufactures product under its own brand names as well as co-packed and private label products.  Fiesta sells its products across retail, foodservice, and institutional channels.  Fiesta is strategically located close to primary green chili sources which has helped the Company develop valuable long-term relationships with growers.

Phil McNeill of Farragut said of the transaction, “We’re excited to partner with Taglich in this investment.  Fiesta is a well-established leader in its market and represents a strong platform for growth and value creation.  With the support of the new capital partners involved, the Company is well-positioned for continued success in an exciting segment of the food industry.”

Richard Baum of Taglich added, “Farragut Capital is a great partner for our investments.  Fiesta is a high-quality family operated company that is capable of even greater achievements going forward.  With the new C-level management team joining at the onset of the investment, we look forward to exciting developments within this segment of the food industry.”

Fiesta joins Farragut’s growing portfolio of food-related investments including Hatch Chile Company and Catalina Finer Foods.

For more information on Fiesta, please visit www.fiestacanning.org