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Hispanic Foods Holdings, LLC acquires Reynaldo’s Mexican Food Manufacturer, Inc.
December 2006

Pasadena, CA (December, 2006) –Hispanic Foods Holdings, LLC (“HFH”), the holding company for Don Gilberto Foods (“Don Gilberto”), has acquired the assets of Reynaldo’s Mexican Food Manufacturer, Inc. (“Reynaldo’s”), a Los Angeles-based manufacturer, marketer, and distributor of a variety of authentic Mexican foods (including chorizos, burritos and refrigerated desserts) sold under the Reynaldo’s brand. Concurrently with the transaction, Don Gilberto’s founder and president Gilbert de Cardenas, Jr. has been appointed to the role of chief executive officer of HFH and will oversee the operations of the combined Don Gilberto and Reynaldo’s businesses. The Huff Alternative Fund provided $12.4 million of equity capital to finance the acquisition. HFH was advised by investment banking firm Hadley Partners, and HFH's legal counsel was the Salmas Law Group (www.salmas-law.com).

“Reynaldo’s authentic Mexican food products have been selling successfully for over twenty years and have developed a loyal following with a large segment of consumers. We are enthusiastic about the opportunity to take Reynaldo’s to the next level through several operating initiatives we are pursuing,” explained Mr. Cardenas. “The acquisition will also help us significantly expand distribution for our fast - growing Don Gilberto deli meats brand.”

"We see tremendous growth opportunities in the Hispanic food space,” added Bryan Bloom, a partner at The Huff Alternative Fund, “and we believe that HFH’s strong management and this acquisition effectively position HFH to capitalize on this opportunity. By combining these two brands HFH will quickly expand its reach with both Hispanic retailers and consumers throughout the Western and Southwestern U.S.”

“Hadley Partners helped us navigate successfully through the financing process on a very tight timeframe,” Mr. Cardenas continued. “We could not have gotten the job done without their experience and tenacity.”

For more information on this transaction please contact: David Hadley (310) 640-7090 hadley@hadleypartners.com

About Don Gilberto Foods (www.don-gilberto.com)
The predecessor to Hispanic Foods Holdings, LLC, Don Gilberto Foods was founded in 2004 by Gilbert de Cardenas Jr. with the mission of providing specialty lunch meats and hot dogs primarily to Hispanic consumers in the United States.

About Huff Alternative Fund, L.P.
The Huff Alternative Fund is a $1.0 billion private equity & mezzanine fund that is an affiliate of W.R. Huff Asset Management, which is an industry leader in high yield bond investment management.

About Hadley Partners, Inc. (www.hadleypartners.com)
Founded in 1999, Hadley Partners always seeks to provide the highest-quality merger & acquisition advisory, private placement and financial advisory services. We have a world-class team of veteran bankers that bring Wall Street experience to middle-market and emerging growth companies. Our goal is to develop relationships of trust with the leaders of these companies and with investors that pursue investment opportunities in such companies. We provide our services in a fair and flexible manner, and we always put our clients’ interests first. Hadley Partners is a registered broker-dealer, and a member of the National Association of Securities Dealers and the Securities Investor Protection Corporation.

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