Encore Announces Sale of Twang Foodservice Division to Solina USA, Inc.

SAN FRANCISCO--(BUSINESS WIRE)--Encore Consumer Capital, LP (“Encore”), a private equity firm that invests exclusively in food and consumer products, is pleased to announce the sale of substantially all of the equity of TP Parent LLC (“Twang Foodservice”) to Solina USA Inc. (“Solina”), the US division of a leading European custom ingredient manufacturer. Twang Foodservice, based in San Antonio, Texas, is a manufacturer of customized beverage systems, dry beverage mixes, flavor concentrates, seasonings, and beverage solutions for national and regional foodservice brands. As part of the transaction, Encore, co-investors and the founding Treviño family retained their interest in Twang’s branded packaged foods business (“Twang Brands”), headquartered in San Antonio, Texas and manufacturing operations in Rioverde, San Luis Potosí, Mexico.

Founded in 1986 by Roger Treviño, Twang has a 40-year history as a pioneer in vertically-integrated flavor expertise and innovation, across retail and foodservice channels. Following Encore’s partnership with the family in 2023, Twang Foodservice and Twang Brands were separately capitalized to streamline operations and provide focus to each respective organization. Twang Foodservice is known for agile development, close customer collaboration, and distinctive beverage concepts for national chains and emerging brands alike. Its solutions bring flavor, texture, and visual impact together – from iced coffee topped with Mexican chocolate cold foam to lemonades layered with mango flavor or mocktails finished with a cinnamon sugar rim.

Paul Rivenburgh, Managing Director at Encore Consumer Capital, said, “We are grateful to CEO Elysia Treviño-Gonzales and her team for driving the growth and profitability that made Twang Foodservice an attractive and incredibly strategic acquisition candidate to a buyer like Solina. The cross-selling opportunities between these two companies are clear and we are excited for their future together, while we turn our attention to driving growth at Twang Brands.”

“Encore partnered closely with us over the last three years to enact the separation of our two divisions, as well as position Twang Foodservice as a compelling acquisition candidate. We look forward to capitalizing on this partnership with Solina for future growth,” said CEO Elysia Treviño-Gonzales. “This separation from Twang Brands will enable the Twang Brands management team to focus on driving our family’s brand into the future.”

Brownstein Hyatt Farber Schreck acted as legal counsel to Twang Foodservice.

ABOUT ENCORE CONSUMER CAPITAL

Encore is a private equity investment firm focused on the consumer products industry. The firm has raised over $1.4 billion in committed capital, invested in over 40 companies in the sector and is currently investing out of Encore Consumer Capital Fund V, a $350 million vehicle closed in January of 2026. Encore’s investments include brand marketing, manufacturing and distribution companies in the food and beverage, personal care, beauty and pet products sectors. The firm targets companies with between $10 million and $150 million in annual revenues where Encore’s strong expertise in strategy development, brand marketing, manufacturing and supply chain optimization, and distribution expansion can drive performance.