# Grace Foods takes 49% stake in Majesty Foods

Grace Foods, owned by GraceKennedy, has taken a 49% stake in Florida-based Majesty Foods, forming a joint venture to expand in the US-Hispanic food market. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2019-01-17
- Where: Florida, United States
- Status: announced
- Products: jerk seasonings, hot sauces, patties, empanadas
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [GraceKennedy](https://endata.com/companies/35974.md) (partner)
- [Majesty Foods](https://endata.com/companies/35976.md) (target)
- [Grace Foods](https://endata.com/companies/36754.md) (acquirer)

## Sources

- [just-food.com](https://www.just-food.com/news/jamaicas-grace-foods-pushes-into-new-category-in-us-after-taking-stake-in-majesty-foods/), 2019-01-17: "Caribbean food specialist Grace Foods, owned by Jamaican corporation GraceKennedy, has taken a 49% stake in Florida-based Majesty Foods"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.