Hispanic food company Teasdale eases debt “burden” with new owner
Teasdale Latin Foods changed hands and ownership became a group led by Knighthead Capital Management. In a statement yesterday (April 7), the Hispanic food supplier said the transition eliminated about $300 million of debt and “substantially” improved its future operating liquidity. Teasdale manufactures a variety of beans, ground corn, tortillas, snacks and sauces for private…