Tortilla producer finds majority investor
Flagship Food Group, a manufacturer and distributor of food products under a range of brands and for private label, has agreed to make an investment into La Tortilla Factory.
The tortilla and Mexican food products supplier is based in Santa Rosa, Calif., specializing in a wide range of corn, flour and specialty tortillas such as grain-free cauliflower, low-carb tortillas, and also makes side dishes, sauces and snacks.
Under the agreement, Flagship Food will become the majority stakeholder in the company, while the third generation Tamayo family members remain partners of the company, which has been operating since 1977.
"We are excited and eager to embrace Flagship Food Group and its entire family of companies and brands as supporters of La Tortilla Factory's strategic growth plan," said Jeff Ahlers, CEO. "Their investment acumen and broader experience in the food industry will support and accelerate our strategy, especially given their success and enthusiasm within the Mexican food category."
Rob Holland, founding partner of CREO Capital Partners, a majority owner of Flagship Foods, said La Tortilla Factory bolsters Flagship’s growth strategy, bringing the portfolio of brands into premium Hispanic foods and that La Tortilla is a leader in the better-for-you segment of tortillas and Mexican food.
In addition to its private label production, other Flagship Food brands include 505 Southwestern, Lilly B’s, TJ Farm’s and others. CREO has invested in more than 20 food companies in the United States and United Kingdom since 2005, including companies for private label production, food logistics, and more.