AUA Private Equity Partners Appoints New Management Team at Portfolio Company Raymundo’s Food Group
West Palm Beach, FL – August 10, 2023 – AUA Private Equity Partners, LLC (“AUA Private Equity”) is pleased to announce the appointment of Robert Rosales as Chief Executive Officer, Maya Glinberg as Chief Financial Officer, Jody Jordan as Chief Operating Officer, and Marsha Young as Vice President of Supply Chain of Raymundo’s Food Group, LLC (“RFG” or “Raymundo’s”). RFG is the #1 branded producer and seller of Authentic Flan, Parfaits, and Gelatin products in the U.S. The new senior leadership team has been responsible for improving plant efficiency, product innovation, and service levels for customers, resulting in accelerating velocities in its core categories.
Charles DeVries, Vice President of AUA Private Equity, commented: “RFG and AUA Private Equity are excited to elevate Robert and Marsha, as well as add new leaders in Maya and Jody. This team will continue to increase Raymundo’s brand awareness and accelerate growth, while also maintaining superior service levels and product quality. As the team lead, Robert’s experience marries brand strategy and operational experience, and we are confident that he is the right leader for RFG.”
“I am extremely excited to be joining the Raymundo’s team, particularly during this time of customer growth and product innovation. Raymundo’s is at an inflection point, where with the right investment in capital, brand strategy, and executional focus, I believe we can make Raymundo’s a household name, synonymous with authentic quality in Hispanic snacking” added Mr. Rosales. “I look forward to collaborating with the Company’s talented and experienced management team and employees to continue to build on the Company’s substantial momentum.”
Andy Unanue, Managing Partner of AUA Private Equity, added: “The team’s appointment reflects our confidence in Raymundo’s future growth. AUA is committed to investing in Raymundo’s through capital investment, management, and strategic resources. Over the next several months, we are investing to expand capacity in our branded flan and gelatin products. We know that these investments are preparing us for future, and we have confidence that our faith is placed behind the right team to lead this execution.”
Mr. Rosales was formerly Chief Revenue Officer for Raymundo’s. Prior to joining RFG, Mr. Rosales enjoyed a 20-year career at ConAgra Foods, where he held a variety of positions including Senior Vice President of Global Strategy and Senior Vice President of Global Walmart. Additionally, Mr. Rosales was CEO of RTi Global and held leadership positions with the Haven Management Group-Founder, Procter & Gamble, and Frito Lay.
Prior to joining RFG, Ms. Glinberg held CFO positions with S&S Truck Parts, LLC, and SEDA North America. Throughout her career, she successfully led Finance and Accounting teams, as well as IT, HR, Procurement and Continuous Improvement organizations. Additionally, Ms. Glinberg has extensive experience in food manufacturing, including several years with Kraft Foods and Sensient Technologies.
Prior to joining RFG, Mr. Jordan enjoyed a 13-year career at ConAgra Foods, where he held a variety of positions across Sales, Consumer Insights, Trade Marketing, Data Analytics and Profit Optimization. He last held the role of Vice President of Revenue Growth Management. Additionally, Mr. Jordan spent the last seven years as a Strategic Business Consultant focused on Innovation, Commercialization, and Go-To-Market Strategy development for major Foodservice and Retail Manufacturers.
Mrs. Young was Senior Director of Supply Chain for Raymundo’s. Prior to joining RFG, Mrs. Young oversaw Supply Chain at Gold Standard Baking, US Foods, and The Edlong Corporation.
About AUA Private Equity Partners, LLC
AUA Private Equity Partners is an operationally focused, lower middle-market investment firm providing strategic capital to companies in the consumer products and services sectors with a particular focus on family-owned businesses or companies benefiting from the growth of the U.S. Hispanic population. AUA Private Equity makes equity investments of $20 to $125 million in companies that generate in excess of $5 million in EBITDA. For more information on AUA Private Equity Partners, please visit www.auaequity.com
About Raymundo’s Food Group, LLC
Raymundo’s Food Group, LLC, a manufacturer and marketer of branded refrigerated snacks with a national distribution footprint in all 50 states. Located in Bedford Park, IL, Raymundo’s operates a 84,000 square foot facility with cooking, filling, and packaging capabilities.
AUA Private Equity Partners
Charles DeVries, Vice President
Disclosure: This document should not be construed as an offer to sell or a solicitation of an offer to buy any securities or investment advisory services, and are intended for informational purposes only. Any offer will be made solely pursuant to a Private Placement Memorandum and Subscription Agreement (“Offering Documents”) to qualified offerees. This document in whole or in part will not form the basis of and should not be relied upon in connection with any investment in any fund. To the extent that statements made in this document summarize provisions of the Offering Documents, they are qualified in their entirety by the terms of such Offering Documents. A copy of the Offering Documents must be reviewed and accepted prior to making a decision to invest in any fund. An investment in any fund may result in loss to an investor. Interests in AUA’s private funds are not offered or sold in any jurisdiction in which such offer, solicitation or sale would be unlawful, until the requirements of the laws of such jurisdiction have been satisfied.