SANTA ROSA, Calif. and DENVER, Jan. 28, 2021 /PRNewswire/ — La Tortilla Manufacturing facility, Inc. (LTF) declared now that Flagship Food Group, LLC (Flagship) has agreed to make an investment into the corporation to support its long run progress method. Flagship will turn into the vast majority stake holder in the business even though the third era Tamayo family members members proceed to continue to be valued partners.
“We are fired up and eager to embrace Flagship Food stuff Group and its entire family members of businesses and brand names as supporters of La Tortilla Factory’s strategic development prepare,” mentioned Jeff Ahlers, CEO. “Their financial investment acumen and broader experience in the food business will assist and speed up our system, particularly given their achievement and enthusiasm within the Mexican food items category.”
The vast majority owned by CREO Cash Associates, Flagship is a diversified food items company that sells a huge range of foods products and solutions and products and services under the 505 Southwestern, Lilly B’s, TJ Farm’s and other brands. Most of Flagship’s makes are rapidly growing, owning expert double-digit development in recent yrs.
“As we embark on our 43rd year in enterprise, we are energized to have Flagship Food stuff Team as partners. It was extremely crucial to our loved ones that a new husband or wife shared our main values and ended up genuinely intrigued in our persons, our manufacturer, and our tradition,” said Sam Tamayo, third generation relatives member and Chairman of the Board. “We feel lucky to have uncovered a match with Flagship and CREO.”
The Tamayo family members started La Tortilla Manufacturing facility in 1977 to provide neighborhood Northern California dining places and stores. Nowadays, the Corporation is the most significant nationally-dispersed tortilla brand name whose merchandise portfolio is centered on accurate much better-for-you, natural and organic, and minimal carb classes.
“As Flagship has continued to concentration on quality-oriented meals models, and in certain in the Hispanic foodstuff sector, it became clear to us that La Tortilla Manufacturing unit was a great addition to our platform. Being 1 of the main brands in the better-for-you phase of the tortilla and Mexican food items place, LTF even more improves our skill to execute on our development strategy,” stated Rob Holland, the Founding Partner at CREO Cash Partners.
Patrick Moulder, a lover at CREO extra, “We’ve gotten to know Jeff, Sam, and the broader LTF relatives of executives and possession above the past 12 months and half, and our enthusiasm for assisting them to make their enterprise is really superior.”
The new partnership will make on the excellent standing that La Tortilla Manufacturing unit has cultivated in the meals field and community since 1977. Its 300 employees will continue to be in put and centered on the company’s eyesight to be the impressive model leader in quality Mexican foodstuff.
The transaction shut on January 27, 2021. Phrases of the transaction are private.
Cascadia Money represented and advised La Tortilla Manufacturing unit on this transaction.
Nixon Peabody recommended Flagship Food items Group.
About La Tortilla Manufacturing facility:
Headquartered in Santa Rosa, CA, La Tortilla Manufacturing facility is just one of the primary makers and distributors of quality and much better-for-you tortillas and Mexican food items goods. Because 1977, when founders Jose and Mary Tamayo opened the doors of La Tortilla Factory, they ended up focused to building reliable recipes with high quality ingredients. A few generations afterwards, that eyesight has led La Tortilla Factory to turn out to be one particular of the greatest and speediest-rising manufacturers in its core markets and product or service categories. The Company gives a extensive variety of corn, flour, and specialty tortillas, this sort of as Grain-No cost Cauliflower, Small Carb, and Protein alongside with aspect dishes, sauces, and treats. La Tortilla Factory operates a point out-of-the-art production facility in Northern California and operates distribution services in numerous towns on the West Coast.
About Flagship Food stuff Group:
Flagship Food stuff Team is a diversified food stuff company that manufactures, sells, and distributes foods products underneath the 505 Southwestern, Lilly B’s, TJ Farm’s, La Tortilla Factory, and Hatch Kitchen makes. The Corporation also partners with major food stuff suppliers to develop R&D-pushed non-public label systems, and supplies food logistics, warehousing, and freight administration providers within the food stuff sector. 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 vast majority owned by CREO Funds Companions, LLC.
About CREO Money Associates:
CREO Money Associates is a Denver, CO-centered expenditure business completely centered on the food stuff and purchaser products and solutions market segments. Launched in 2005, the organization has efficiently invested in more than 20 food items companies in the United states of america and the United kingdom, and focuses on partnerships with remarkable management and high quality manufacturers. Investments have spanned the branded retail, personal label, foods logistics, and foods distribution marketplace sub-segments. With most of its investments held by means of its diversified food items enterprise, Flagship Food items Group, CREO actively seeks dialogue with food items firms that have an desire in becoming a member of in the Flagship journey.
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