On November 21st, 2025, Caribbean Appetizers, based in Honduras, was acquired by Tropic Group LLC. This acquisition is Tropic Group’s first portfolio company. Caribbean Appetizers will serve as the foundation for Tropic Group’s strategy to build a top-tier food manufacturing platform serving the U.S. market.
Kroll provided international M&A advisory and sell-side financial due diligence services to the offshore based Shareholders of Caribbean Appetizers in connection with this LATAM based transaction.
"Caribbean Appetizers is an exceptional company with deep capabilities and enormous potential. We’re focused on elevating its already high standards in quality and service while expanding the product lineup with new, differentiated offerings for the U.S. market."
Rodrigo González, Managing Partner, Tropic Group
About Caribbean Appetizers
Caribbean Appetizers is a BRC-certified manufacturer with decades of experience producing high-quality jalapeño poppers and other frozen appetizers, supplying industry-leading customers across the United States and Canada.
About Tropic Group
Tropic Group is an investment firm focused on acquiring and operating lower–middle-market food manufacturing businesses in the United States and Central America. The firm aims to build long-term value through disciplined operations, product quality, and strong customer partnerships.
