Tropical Cheese Industries, LLC.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Tropical Cheese Industries, LLC. - overview

Established

1982

Location

Perth Amboy, NJ, US

Primary Industry

Food

About

Founded in 1982 by Rafael Mendez and based in New Jersey, US, Tropical Cheese Industries, Inc. engaged in the production of Latin American cheese products. The company has focused on expanding its product range to include various traditional cheeses. The firm completed acquisition deal in January 2026, solidifying its market presence.


In January 2026, Tropical Cheese Industries, Inc. , a portfolio company of Avance and AUA Private Equity Partners acquired Cibao Meat Products, Inc. Financial terms were not disclosed. Tropical Cheese Industries offers a range of authentic Latin American cheeses designed to meet diverse culinary needs.


Their core product offerings include Tropical Queso Fresco en Hoja de Platano, a Central American cheese wrapped in banana leaves, and Tropical Queso de Freir, renowned for its ability to fry to a crispy, golden brown without the need for breading. Additional products include Tropical Queso Blanco, a creamy and mild cheese suitable for various snacks and meals, and Tropical Oaxaca, a semi-soft white string cheese ideal for melting in dishes such as quesadillas and enchiladas. These products cater to both individual consumers and food service establishments. The company's products are distributed across various geographical markets, including the United States, Canada, and select regions in Latin America, thereby reaching a wide customer base that appreciates traditional Latin American cuisine.


  Tropical Cheese Industries generates revenue through direct sales of its cheese products, primarily to retail outlets and wholesalers. The company's transaction structure emphasizes B2B relationships, allowing retailers to stock its flagship offerings, including Queso Fresco en Hoja de Plátano and Queso de Freír, which are popular among consumers for their versatility and quality. Pricing for these products typically aligns with industry standards, facilitating ease of purchase for both retailers and end consumers. The company also engages with influencers and culinary experts to promote its products, enhancing visibility and encouraging direct consumer engagement through recipe demonstrations and online content.


This multifaceted approach to distribution and marketing strengthens customer loyalty and drives sales across its product range.   Following this acquisition accelerates Tropical Cheese's growth by uniting two category leaders in Hispanic food and supports its ambition to deepen relationships with retailers and distributors serving the growing US Hispanic consumer base.


Current Investors

AUA Private Equity Partners, Avance

Primary Industry

Food

Sub Industries

Non-Alcoholic Beverages, Dairy Products, Meat, Poultry & Seafood Products, Other Food Products

Website

www.tropicalcheese.com/

Verticals

E-commerce, Manufacturing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Tropical Cheese Industries, LLC. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedCibao Meat Products, Inc.-
GrowthCompletedTropical Cheese Industries, LLC.-

Displaying 1 - 2 of 2

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.