Walmart supplier Landec acquires Yucatan Foods for about $80 mln

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Landec Corp, a fresh food supplier to retailers like Walmart Inc, said on Monday it has acquired guacamole company Yucatan Foods for approximately $80 million, a move that should strengthen its position in the natural foods market. Yucatan, which processes and markets two guacamole brands Yucatan and Cabo Fresh, has annual revenue of $55 million to $60 million. The acquisition should add to Landec’s earnings beginning in fiscal year 2020, the company said in a statement.

2 COMMENTS

  1. Walmart is on a major bull run eating up competition and putting amazon to shame with their revenues. Like 500 billion in 2017 (gasp)

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