La Tortilla Manufacturing unit Announces Financial investment by Flagship Foodstuff Team
Subject matter: FNC
SANTA ROSA, Calif. and DENVER, Jan. 28, 2021 /PRNewswire/ — La Tortilla Manufacturing unit, Inc. (LTF) introduced right now that Flagship Meals Group, LLC (Flagship) has agreed to make an expense into the corporation to assistance its future advancement method. Flagship will come to be the the vast majority stake holder in the enterprise though the 3rd technology Tamayo household users continue to keep on being valued companions.
“We are thrilled and eager to embrace Flagship Food stuff Group and its full relatives of businesses and models as supporters of La Tortilla Factory’s strategic expansion approach,” reported Jeff Ahlers, CEO. “Their financial investment acumen and broader practical experience in the meals business will support and speed up our strategy, specifically offered their achievement and enthusiasm inside of the Mexican food stuff class.”
Greater part owned by CREO Capital Companions, Flagship is a diversified foods corporation that sells a broad array of foods products and products and services beneath the 505 Southwestern, Lilly B’s, TJ Farm’s and other models. Most of Flagship’s models are swiftly increasing, having experienced double-digit growth in modern several years.
“As we embark on our 43rd 12 months in small business, we are fired up to have Flagship Food Team as companions. It was incredibly significant to our spouse and children that a new lover shared our main values and had been truly interested in our individuals, our manufacturer, and our society,” said Sam Tamayo, third era loved ones member and Chairman of the Board. “We feel privileged to have discovered a match with Flagship and CREO.”
The Tamayo loved ones started out La Tortilla Manufacturing unit in 1977 to serve regional Northern California eating places and merchants. Today, the Company is the biggest nationally-distributed tortilla brand whose solution portfolio is focused on genuine greater-for-you, natural and organic, and reduced carb groups.
“As Flagship has continued to aim on quality-oriented foods models, and in particular in the Hispanic meals sector, it grew to become clear to us that La Tortilla Manufacturing facility was a fantastic addition to our system. Being a person of the main brands in the far better-for-you section of the tortilla and Mexican food room, LTF even more enhances our skill to execute on our growth strategy,” stated Rob Holland, the Founding Lover at CREO Money Associates.
Patrick Moulder, a associate at CREO extra, “We have gotten to know Jeff, Sam, and the broader LTF spouse and children of executives and possession over the previous calendar year and 50 %, and our enthusiasm for helping them to make their business enterprise is quite high.”
The new partnership will build on the outstanding standing that La Tortilla Factory has cultivated within just the foods field and group given that 1977. Its 300 staff members will keep on being in put and centered on the firm’s eyesight to be the ground breaking brand chief in top quality Mexican food items.
The transaction closed on January 27, 2021. Conditions of the transaction are confidential.
Cascadia Funds represented and encouraged La Tortilla Manufacturing facility on this transaction.
Nixon Peabody advised Flagship Foodstuff Group.
About La Tortilla Factory:
Headquartered in Santa Rosa, CA, La Tortilla Factory is just one of the major makers and distributors of quality and greater-for-you tortillas and Mexican food items products and solutions. Given that 1977, when founders Jose and Mary Tamayo opened the doorways of La Tortilla Manufacturing unit, they had been devoted to producing reliable recipes with top quality substances. 3 generations afterwards, that eyesight has led La Tortilla Manufacturing unit to come to be one particular of the biggest and quickest-increasing brand names in its main markets and product or service classes. The Enterprise features a huge assortment of corn, flour, and specialty tortillas, these types of as Grain-Totally free Cauliflower, Minimal Carb, and Protein alongside with facet dishes, sauces, and snacks. La Tortilla Factory operates a point out-of-the-artwork manufacturing facility in Northern California and operates distribution amenities in many towns on the West Coastline.
About Flagship Foodstuff Team:
Flagship Food Group is a diversified food stuff business that manufactures, sells, and distributes food merchandise under the 505 Southwestern, Lilly B’s, TJ Farm’s, La Tortilla Factory, and Hatch Kitchen area manufacturers. The Firm also associates with top food merchants to establish R&D-pushed non-public label plans, and supplies food logistics, warehousing, and freight administration products and services in the food items industry. The Corporation operates facilities and offices in Boise, ID, Denver, CO, Albuquerque, NM, Santa Rosa, CA, San Francisco, CA, Minneapolis, MN, and Indianapolis, IN. Flagship is greater part owned by CREO Capital Associates, LLC.
About CREO Cash Companions:
CREO Funds Associates is a Denver, CO-centered investment decision firm solely focused on the foodstuff and purchaser solutions industry segments. Established in 2005, the business has efficiently invested in about 20 meals providers in the Usa and the United kingdom, and focuses on partnerships with excellent management and top quality makes. Investments have spanned the branded retail, private label, meals logistics, and food distribution field sub-segments. With most of its investments held by using its diversified food enterprise, Flagship Foodstuff Team, CREO actively seeks dialogue with food items corporations that have an desire in becoming a member of in the Flagship journey.
Media Speak to: Holly Perez, Promoting Supervisor, [email protected]
Source La Tortilla Manufacturing facility
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Information published on 28 january 2021 at 12:00 and distributed by: 
