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Houchens Industries, Inc. said it has closed on its acquisition of Tampico Beverages, Inc., in a bid to continue to diversify and strengthen its portfolio.
Based in Bowling Green, Ky.-based, Houchens, one of the largest 100 percent employee owned companies in the United States, is a diversified conglomerate with businesses in retail grocery and convenience stores, quick-serve restaurants, insurance, stock brokerage and financial services, optical stores, construction, fence materials manufacturing and distribution, crushed stone aggregates and asphalt paving, recycling, tanning supply distribution, manufacturing, software and website development, and property management.
Tampico Beverages, Inc., founded in 1989, is a global brand sold in over 36 countries worldwide. With substantial brand awareness in the United States and Latin America, Tampico sells refrigerated juice drinks in grocery stores and is one of the leading suppliers of value-added juice drink concentrates in the world.
Tampico Beverages will retain its name, employees and management team and will remain headquartered in Chicago. Houchens officials said the acquisition is significant and will continue to and overall long-term commitment to its employees through profitable growth.
Deutsche Bank Securities Inc acted as financial advisor to Houchens Industries during the transaction.