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BOWLING GREEN, Ky. -- Houchens Industries Inc. confirmed it acquired Tampico Beverages Inc., a global brand sold in over 36 countries worldwide, according to a joint announcement by both companies.
"Tampico Beverages will be a great benefit to our company and its employee owners," Spencer Coates, president of Houchens, said in a released statement. With its corporate offices located here, the company services the retail grocery and convenience store industries, quick-service restaurants industries and more.
"Tampico is a significant acquisition which will continue to diversify and strengthen the Houchens portfolio and further our overall long-term commitment to our employees through our focus on profitable growth," Coates said in a released statement. "We are thrilled to have such a superb management team and employee group joining Houchens."
Founded in 1989, the Chicago-based Tampico Beverages Inc. is the No. 1 refrigerated juice drink in grocery stores across America, and one of the leading suppliers of value-added juice drink concentrates in the world, according to Scott Miller, chief executive officer of Tampico Beverages.
"The Houchens acquisition of Tampico Beverages creates a very exciting opportunity for Tampico and our employees. It also aligns with our strategic approach to global expansion as well as our continued focus on domestic business," Miller said in a statement. "Tampico looks forward to joining the Houchens family as we continue to develop great tasting, highly sought after Tampico product. Our goal is to continue providing innovative beverages to meet the needs of an ever-changing consumer around the world."