MOUNDRIDGE, Kan. & DENVER–(Company WIRE)–Tortilla King declared nowadays that Denver-centered Flagship Food Team, LLC (Flagship), operator of 505 Southwestern and La Tortilla Manufacturing unit, has agreed to make an expenditure into Tortilla King to guidance its foreseeable future progress and enlargement approach. Flagship will turn into the majority owner in the organization though existing neighborhood management stays in area and Juan Guardiola stays a shareholder.
With the acquisition, Flagship solidifies its put as a person of the leading and major privately held foodstuff organizations in the place focusing on Hispanic models with an emphasis on high quality merchandise.
“I’ve regarded the team at Flagship for quite a few many years, and we have been a supplier and partner of theirs across several of their merchandise portfolios. Coming collectively as 1 corporation produced perception for them, for me, and for our valued staff members and prospects,” claimed Juan Guardiola, co-founder of Tortilla King. Guardiola will continue to be in his purpose as President of Tortilla King.
Majority owned by CREO Funds Associates, Flagship is a diversified foods enterprise that sells a large selection of food stuff products and solutions and products and services less than the 505 Southwestern, La Tortilla Manufacturing facility, Lilly B’s, Hatch Kitchen area, TJ Farms and other brands. Most of Flagship’s models are promptly expanding, acquiring seasoned major expansion and expanded national distribution in current many years. 505 Southwestern, crafted with New Mexico environmentally friendly chiles and produced in Albuquerque, is the country’s largest jarred environmentally friendly chile brand name.
“We are building a earth-course, scaled, diversified food items corporation. The Hispanic meals category has been our principal target for virtually a decade, and the addition of Tortilla King expands equally our abilities and geographic footprint,” claimed Rob Holland, founder of CREO Capital Associates and its handling husband or wife. Holland helped lead the firm’s acquisition of 505 Southwestern around a 10 years in the past and has pushed the brand’s expansion by above 15-fold during CREO’s possession.
Centered in Moundridge, Kansas, outside of Wichita, Tortilla King sells premium tortillas and tortilla chips less than its Mama Lupe’s brand name. In addition, it serves as a valued manufacturing lover to other food items corporations and food shops throughout the county. The enterprise operates producing and distribution facilities across the Midwest. An innovator in the category, the corporation has produced low carb, internet zero carb, and gluten free tortilla offerings for its shoppers centered on health and fitness and wellness.
“Simply place, we are here to guidance advancement,” said Forrest Kragten, a principal at CREO. “As portion of the transaction, we authorised and supported a sizeable growth of the Tortilla King operation in Kansas. We’re thrilled to convey far more quantity and generation to this spot and to this superb group.”
Before this yr, Flagship introduced the acquisition of La Tortilla Manufacturing facility, a Santa Rosa, California-dependent maker of premium tortillas and Hispanic food stuff items. Flagship suggests that the two companies are complementary and placement Flagship as one particular of the top rated-ten branded tortilla businesses in the nation. Operations, brand names, and administration of every company will continue to be independent and entirely intact.
“This is an thrilling day for Flagship and its expenditure in the Hispanic foodstuff space,” explained Jeff Ahlers, CEO of Flagship-owned La Tortilla Factory. “We proudly welcome Juan and Tortilla King into our household.”
The transaction closed in mid-July. Conditions of the transaction are confidential.
About Tortilla King
Headquartered in Moundridge, KS, Tortilla King is a foremost Midwest company and distributor of flour and corn tortillas as properly as tortilla chips and Mexican foods items for a selection of blue-chip shoppers and countrywide retailers. Tortilla King operates a remarkably successful plant in the heartland of the US with near proximity to its uncooked product suppliers and an in-household DSD network letting for superior distribution capabilities into its core clients. Tortilla King carries on to innovate and launch new solutions which includes low carb, web zero carb, and gluten free tortillas.
About Flagship Meals Group
Flagship Foodstuff Team is a Hispanic-foods focused diversified meals company that manufactures, sells, and distributes meals merchandise under the 505 Southwestern, Lilly B’s, Hatch Kitchen, Mapa Lupe’s, TJ Farms, La Tortilla Manufacturing facility, and other brand names. The Enterprise also associates with foremost food vendors to create R&D-driven private label courses, and supplies food logistics, warehousing, and freight management solutions within just the meals marketplace. The Organization operates amenities and offices in Boise, ID, Denver, CO, Albuquerque, NM, Santa Rosa, CA, San Francisco, CA, Minneapolis, MN, and Moundridge, KS. Flagship is majority owned by CREO Cash Partners, LLC.
About CREO Cash Companions
CREO Capital Partners is a Denver, CO-based expenditure agency exclusively centered on the foods and purchaser products marketplace segments. Started in 2005, the organization has properly invested in above 20 meals firms in the United states and the British isles, and focuses on partnerships with remarkable administration and quality brand names. Investments have spanned the branded retail, personal label, food stuff logistics, and foods distribution sector sub-segments. With most of its investments held by using its diversified food stuff enterprise, Flagship Food Group, CREO actively seeks dialogue with food stuff providers that have an desire in becoming a member of in the Flagship journey.