Highlander Partners L.P., a Dallas-based private investment firm, is announcing the merger of its portfolio company, Benestar Brands, with Palmex S. de R.L. de C.V., a portfolio company of Wind Point Partners. In this strategic move, Wind Point will become the majority shareholder of the combined business while Highlander will retain a significant minority position.
Based in Chicago, Benestar Brands operates as a holding company for brands of snack products, including Mac's, 4505, Pretzilla, Turkey Creek, Cazo de Oro, PORQ and Chicas Tortilla Chips. These brands encompass a variety of snack options, including pork rinds, tortilla chips and other extruded snack products. Benestar Brands is a manufacturer of pork rinds, serving both domestic and international markets. The holding company operates seven production facilities across North America.