Rotunda Capital Partners, a private equity firm known for accelerating the growth of family-owned businesses, has announced its latest investment in Mama Lycha. This family-owned company specializes in providing branded Latin American foods, making it a prominent player in the food industry.
Mama Lycha was founded in 1993 by Luis and Maria Padilla, who sought to bring authentic Latin American cuisine to the U.S. market. Over nearly 30 years, the company has grown significantly, expanding its product range to over 600 SKUs and reaching over 750 retail grocery customers across 37 U.S. states and four Canadian provinces.
The co-founders of Mama Lycha, Luis and Maria Padilla, recognize the significance of Rotunda Capital's investment in their company's next phase of growth. Rotunda Capital’s expertise in strategic alignment, lean processes, and data-driven infrastructure development will play a crucial role in propelling Mama Lycha forward.
Luis Marconi, a veteran executive partner of Rotunda Capital, will join the company as Executive Chairman of the board. Marconi brings a wealth of experience from his previous roles at Hormel Foods and Megamex Foods, providing valuable insights into family-run companies.
The Padilla family, including the current General Director, Maria Padilla-Gonzalez, will continue to play a crucial role in Mama Lycha's journey. Their dedication to the company and their understanding of Latin American cuisine will be instrumental in shaping its future.
Mama Lycha's story underscores the importance of family business in the food industry. These companies often bring a passion for tradition, quality, and authentic flavors to their products, resonating with consumers who seek unique and flavorful experiences.
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