HomeFoodFlagship Food continues expansion in tortilla category | 2021-08-10

Flagship Food continues expansion in tortilla category | 2021-08-10

DENVER — Flagship Food Group, LLC has reached an settlement to take a position in Moundridge, Kan.-based Tortilla King, Inc., one of many largest Midwestern tortilla producers. Financial phrases of the transaction weren’t disclosed.

Founded in 1992, Tortilla King makes personal label flour tortillas, corn tortilla and tortilla chips, in addition to merchandise below the La Comida, Mama Lupe’s and Li’l Guy manufacturers.

Under phrases of the transaction, Flagship will change into the bulk proprietor in Tortilla King whereas present native administration stays in place and Juan Guardiola stays a shareholder.

“I’ve known the team at Flagship for many years, and we’ve been a supplier and partner of theirs across several of their product portfolios,” stated Mr. Guardiola, who’s co-founder and president of Tortilla King. “Coming together as one company made sense for them, for me, and for our valued employees and customers.”

Majority owned by CREO Capital Partners, Flagship is a diversified meals firm that sells a variety of meals services below the 505 Southwestern, La Tortilla Factory, Lilly B’s, Hatch Kitchen, TJ Farms and different manufacturers. Flagship acquired La Tortilla Factory earlier this yr.

“We are building a world-class, scaled, diversified food company,” stated Rob Holland, founding father of CREO Capital Partners and its managing associate. “The Hispanic foods category has been our principal focus for nearly a decade, and the addition of Tortilla King expands both our capabilities and geographic footprint.”

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