Once the acquisition is complete, Fresherized Foods will be wholly owned by MegaMex Foods LLC, Chino, Calif.
The Fort Worth, Texas-based makers of Wholly Guacamole, Wholly Salsa and Wholly Queso has annual sales estimated around $140 million, according to a news release from Hormel Foods Corp. and Herdez Del Fuerte S.A. de C.V., the joint owners of MegaMex Foods.
MegaMex Foods markets the Herdez brands of shelf stable salsas and other ethnic food products.
Wholly Guacamole bills itself as the No. 1 producer of ultra high pressure avocado products in the U.S. The companies expect to complete the acquisition in August. Terms were not disclosed.