Food distributor PAK Quality Foods — a portfolio company of Cross Rapids Capital — acquired substantially all assets of Las Colinas International d/b/a Formosa Foods.

Terms of the transaction were not disclosed.

Formosa Foods is a family-owned food distributor founded in 1979. The company supplies beef, pork, poultry, seafood, lamb, goat, grains, dry goods, disposables and other products to foodservice, retail and institutional industries. Based in Dallas, TX, Formosa Foods serves customers across Texas, Oklahoma, Louisiana and Arkansas.

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Texas-based PAK Quality Foods distributes a wide range of food products including proteins such as beef, pork, poultry, lamb, and seafood, along with cheeses, oils and dry goods. The company serves retail, foodservice and institutional customers throughout Texas and Eastern New Mexico, with distribution facilities in San Angelo and Fort Worth.

“We are excited to expand our offering to customers and also to offer Formosa Foods’ customers access to our products and service,” PAK Quality Foods CEO John Pieper said in a July 21 news release. “Formosa Foods’ mission of providing top-quality food products and being a trusted partner to its customers aligns perfectly with that of PAK Quality Foods. Together we will be an even stronger company.”

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PAK Quality Foods said the acquisition allows both companies to expand product offerings and reach a wider customer base. Formosa Foods owners Jesse and Weldon Chang will continue to lead the business and have taken an ownership stake in PAK Quality Foods as part of the transaction.