Chevy Chase, Md. – Farragut Capital Partners, LLC (“Farragut”) is pleased to announce the closing of an investment in Hatch Chile Co., LLC (“Hatch” or “the Company”), a branded packaged food company that markets, sells, and distributes Mexican-style food products. The transaction refinanced existing debt.
Based in Brunswick, Ga., Hatch sells products under four brand names: HATCH, Mountain Pass, Sadie’s, and REX. Its products include green chilies, jalapeño peppers, cooking sauces, salsas, dips, and tomato products. The Company was founded in 1987 by Steve Dawson, who continues to serve as CEO today. Hatch products are sold in major retailers throughout the U.S., including Wal-Mart, Kroger, Safeway, Whole Foods, Costco, and Sam’s Club. Many of the Company’s leading products are gluten-free and non-GMO-certified. For additional information, please visit their website at www.hatchchileco.com.
“The Company is at the intersection of two very relevant trends in the packaged foods industry, Mexican-style cooking and healthy, natural ingredients,” said Phil McNeill, Managing Partner of Farragut. “We’re excited to partner with Steve and his team as they continue the strong growth they have experienced over the past several years.”