La Tortilla Factory, a family-owned business, makers of high-quality tortillas and authentic Mexican foods, announced its partnership with Flagship Food Group, which will invest in the company to support its future growth strategy.
Flagship will become the majority stakeholder in the company while the third generation Tamayo family members continue to remain valued partners.
“We are excited and eager to embrace Flagship Food Group and its entire family of companies and brands as supporters of La Tortilla Factory’s strategic growth plan,” said Jeff Ahlers, CEO. “Their investment acumen and broader experience in the food industry will support and accelerate our strategy, especially given their success and enthusiasm within the Mexican food category.”
The majority-owned by CREO Capital Partners, Flagship is a diversified food company that sells a wide range of food products and services under the 505 Southwestern, Lilly B’s, TJ Farm’s, and other brands. Most of the Flagship’s brands are rapidly expanding, having experienced double-digit growth in recent years.
“As we embark on our 43rd year in business, we are excited to have Flagship Food Group as partners. It was very important to our family that a new partner shared our core values and was genuinely interested in our people, our brand, and our culture,” said Sam Tamayo, third-generation family member and Chairman of the Board. “We feel fortunate to have found a match with Flagship and CREO.”
The Tamayo family started La Tortilla Factory in 1977 to serve local Northern California restaurants and retailers. The company said they are the largest nationally-distributed tortilla brand whose product portfolio is focused on true better-for-you, organic, and low carb categories.
“As Flagship has continued to focus on premium-oriented food brands, and in particular in the Hispanic foods sector, it became clear to us that La Tortilla Factory was a perfect addition to our platform. Being one of the leading brands in the better-for-you segment of the tortilla and Mexican food space, LTF further enhances our ability to execute on our growth strategy,” said Rob Holland, the Founding Partner at CREO Capital Partners.
Patrick Moulder, a partner at CREO, added, “We’ve gotten to know Jeff, Sam, and the broader LTF family of executives and ownership over the past year and a half, and our passion for helping them to build their business is very high.” La Tortilla Factory 300 employees will remain in place and focus on its vision to be the innovative brand leader in premium Mexican food.