FOR IMMEDIATE RELEASE
Twelve31 Spice Ventures Acquires Frisco Spices and Launches Frisco Brands, Inc.
Omaha, Nebraska – May 10, 2023 – Twelve31 Spice Ventures, a private investment firm specializing in the specialty food industry, has acquired the assets of Frisco Spices and launched Frisco Brands, Inc. to lead the expansion of the well-established spice company. The strategic acquisition will enable Frisco Brands, Inc. to leverage Frisco Spices’ expertise in custom spice blending and develop new product lines and partnerships in the consumer retail market.
Founded in 1928, Frisco Spices has a long history of providing high-quality spices, herbs, blends, and extracts to its loyal customer base. Under the new ownership and management of Twelve31 Spice Ventures, Frisco Brands, Inc. will continue to deliver exceptional spice blends to its existing customers, while also exploring new growth opportunities.
The expansion plans for Frisco Brands, Inc. include the development of specialty blends tailored to the consumer retail market, capitalizing on the growing demand for unique and flavorful spices. Moreover, the company will be launching a range of subscription meal kit mixes that will provide customers with pre-measured, ready-to-use spice blends for delicious, easy-to-prepare meals. These meal kit mixes will feature a diverse selection of cuisines and flavors, offering consumers an exciting and convenient way to enjoy home-cooked meals.
In addition to the new product offerings, Frisco Brands, Inc. is actively pursuing strategic partnerships with well-known brands and retailers to further expand its reach and presence in the market. These partnerships will enable the company to tap into new customer segments and create additional value for its shareholders.
“We are excited to announce the launch of Frisco Brands, Inc. and the acquisition of Frisco Spices,” said Chris Lausten, Managing Director at Twelve31 Spice Ventures. “Frisco Spices has a rich history of delivering high-quality products and exceptional service to its customers. With the right investments in product innovation, marketing, and strategic partnerships, we believe that Frisco Brands, Inc. will become a market leader in the consumer retail spice industry.”
About Twelve31 Spice Ventures
Twelve31 Spice Ventures is a private investment firm that specializes in the specialty food industry. With a focus on strategic acquisitions and partnerships, Twelve31 Spice Ventures is dedicated to driving growth and value for its portfolio companies through innovative product offerings, market expansion, and operational improvements.
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Frisco Brands, Inc