La Tortilla Factory Announces Expense by Flagship Meals Group

SANTA ROSA, Calif. and DENVER, Jan. 28, 2021 /PRNewswire/ — La Tortilla Manufacturing facility, Inc. (LTF) introduced these days that Flagship Food Group, LLC (Flagship) has agreed to make an investment decision into the firm to guidance its future progress system. Flagship will come to be the greater part stake holder in the company while the third era Tamayo loved ones associates proceed to continue being valued partners.

“We are energized and keen to embrace Flagship Food Team and its full relatives of organizations and brands as supporters of La Tortilla Factory’s strategic advancement prepare,” mentioned Jeff Ahlers, CEO. “Their expense acumen and broader knowledge in the food business will assistance and speed up our tactic, specially given their achievement and enthusiasm in just the Mexican foods category.”

Majority owned by CREO Funds Associates, Flagship is a diversified food stuff company that sells a large range of food items goods and solutions beneath the 505 Southwestern, Lilly B’s, TJ Farm’s and other brand names. Most of Flagship’s brand names are quickly expanding, having knowledgeable double-digit expansion in new yrs.

“As we embark on our 43rd 12 months in company, we are fired up to have Flagship Food Team as associates. It was really vital to our loved ones that a new lover shared our core values and have been truly intrigued in our men and women, our manufacturer, and our lifestyle,” reported Sam Tamayo, third era family member and Chairman of the Board. “We come to feel fortunate to have uncovered a match with Flagship and CREO.”

The Tamayo family begun La Tortilla Manufacturing unit in 1977 to provide local Northern California dining establishments and shops. Now, the Organization is the biggest nationally-dispersed tortilla model whose solution portfolio is targeted on accurate much better-for-you, organic and natural, and very low carb groups.

“As Flagship has ongoing to emphasis on top quality-oriented foodstuff manufacturers, and in specific in the Hispanic food items sector, it became crystal clear to us that La Tortilla Manufacturing facility was a excellent addition to our system. Getting one of the major brands in the superior-for-you segment of the tortilla and Mexican food stuff house, LTF even further improves our potential to execute on our progress technique,” explained Rob Holland, the Founding Lover at CREO Capital Companions.

Patrick Moulder, a partner at CREO extra, “We’ve gotten to know Jeff, Sam, and the broader LTF loved ones of executives and ownership in excess of the earlier yr and 50 %, and our enthusiasm for assisting them to establish their company is extremely higher.”

The new partnership will establish on the outstanding popularity that La Tortilla Manufacturing facility has cultivated inside the food items field and community considering that 1977. Its 300 personnel will remain in place and focused on the company’s eyesight to be the ground breaking brand chief in premium Mexican food items.

The transaction shut on January 27, 2021. Conditions of the transaction are private.

Cascadia Money represented and encouraged La Tortilla Manufacturing facility on this transaction.

Nixon Peabody encouraged Flagship Food items Team.

About La Tortilla Manufacturing unit:
Headquartered in Santa Rosa, CA, La Tortilla Factory is a single of the major makers and distributors of high quality and improved-for-you tortillas and Mexican meals merchandise. Since 1977, when founders Jose and Mary Tamayo opened the doorways of La Tortilla Factory, they ended up dedicated to developing authentic recipes with top quality elements. Three generations later, that eyesight has led La Tortilla Manufacturing unit to come to be a person of the most significant and swiftest-expanding models in its main marketplaces and solution groups. The Business delivers a vast vary of corn, flour, and specialty tortillas, these types of as Grain-Absolutely free Cauliflower, Small Carb, and Protein alongside with side dishes, sauces, and treats. La Tortilla Manufacturing facility operates a condition-of-the-artwork production facility in Northern California and operates distribution facilities in multiple cities on the West Coast.

About Flagship Food Group:
Flagship Meals Group is a diversified food items firm that manufactures, sells, and distributes foodstuff items below the 505 Southwestern, Lilly B’s, TJ Farm’s, La Tortilla Manufacturing unit, and Hatch Kitchen area models. The Organization also companions with top food stuff stores to build R&D-pushed private label plans, and provides food stuff logistics, warehousing, and freight management expert services in the food items market. The Enterprise operates services and places of work in Boise, ID, Denver, CO, Albuquerque, NM, Santa Rosa, CA, San Francisco, CA, Minneapolis, MN, and Indianapolis, IN. Flagship is bulk owned by CREO Funds Companions, LLC.

About CREO Funds Associates:
CREO Funds Associates is a Denver, CO-dependent financial commitment company exclusively centered on the food stuff and customer solutions business segments. Launched in 2005, the company has successfully invested in more than 20 foods firms in the United states of america and the British isles, and focuses on partnerships with outstanding administration and premium brands. Investments have spanned the branded retail, personal label, meals logistics, and foodstuff distribution field sub-segments. With most of its investments held by using its diversified food organization, Flagship Food items Team, CREO actively seeks dialogue with foodstuff providers that have an interest in signing up for in the Flagship journey.

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Source La Tortilla Factory