Juanita

Juanita’s Foods, a prominent manufacturer of Mexican food products, announced that it had sold a majority stake in the company to Miami-based private equity firm Apex Capital.

Founded in 1946 in Wilmington, Juanita’s Foods is the nation’s top seller of canned Mexican food staples, including pozole and menudo.

Juanita’s Foods was previously headed by third-generation family owners, the De La Torres, who will retain partial ownership and will remain involved in business operations.

“Apex Capital brings the expertise and resources needed to support our continued growth while preserving our dedication to our employees and customers. Together, we will drive long-term value and innovation,” Aron De La Torre, chief executive of Juanita’s Foods, said in the statement.

Juanita’s Foods is the nation’s top seller of canned menudo — a traditional Mexican soup made from cow tripe — boasting more than 95% market share.