Foster Farms Buys Fernando


The Fernando's brand is one of the original frozen foodservice Mexican brands and dates back to 1982. It includes ready to heat and serve handheld entrees and appetizers, including burritos, taquitos, mini tacos and enchiladas.

El Extremo is also a frozen foodservice Mexican brand with products geared to the school-lunch market.

"This acquisition is a strategic fit for Foster Farms," said Ron Foster, Foster Farms' president and ceo, "and will give us capabilities to expand our current businesses in the foodservice, retail and c-store channels."

A manufacturing facility in Compton, California, was included in the sale. The plant is used exclusively to produce handheld Mexican products under the Fernando's and El Extremo labels and will remain operational.

ConAgra Foods and Foster Farms have agreed to a transition service agreement to manage the order- entry, warehousing and delivery of Fernando's and El Extremo products and to provide sales support during the transition period. "Our shared goal is for this transition to be as seamless as possible for customers and they will continue to receive uninterrupted service," said Foster.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners