Jimmie Gipson, chairman, and Spencer Coates, president, of Houchens Industries, Inc. announce the acquisition of Chicago-based Tampico Beverages, Inc. Houchens Industries is the parent company of Four Season Sales & Service, which recently acquired American Sun Systems.
Based in Bowling Green, K.Y., Houchens is listed as one of the largest, 100-percent employee-owned companies in the United States.
Tampico Beverages, Inc., founded in 1989, is a global brand sold in more than 36 countries worldwide. With substantial brand awareness in the United States and throughout Latin America, Tampico maintains a leadership position as the No. 1 refrigerated juice drink in groceries across America and as one of the leading suppliers of value-added juice drink concentrates in the world.
“Tampico Beverages will be a great benefit to our company and its employee owners,” Gipson says.
Coates adds, “Tampico is a significant acquisition which will continue to diversify and strengthen the Houchens portfolio and further our overall commitment to our employees through our focus on profitable growth. “We are thrilled to have such a superb management team and employee group joining Houchens.”
Tampico Beverages will retain its name, employees and management team and the company will remain headquartered in Chicago.
“The Houchens acquisition of Tampico Beverages creates a very exciting opportunity for Tampico and our employees,” says Scott Miller, CEO of Tampico Beverages. “It also aligns with our strategic approach to global expansion as well as our continued focus on domestic business. Tampico looks forward to joining the Houchens family as we continue to develop the 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.”
Source: TanToday.com
