Kansas-based Maker of High-quality Tortillas and Tortilla Chips Secures Investment by Leading Diversified Food Company
Tortilla King announced today that Flagship Food Group, LLC (Flagship) has agreed to make an investment into Tortilla King to support its future growth and expansion strategy. Flagship will become the majority owner in the company while current local management remains in place and Juan Guardiola remains a shareholder.
With the acquisition, Flagship solidifies its place as one of the leading and largest privately held food companies in the country focusing on Hispanic brands with an emphasis on premium products.
“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. Coming together as one company made sense for them, for me, and for our valued employees and customers,” said Juan Guardiola, co-founder of Tortilla King. Guardiola will remain in his role as President of Tortilla King.
“We are building a world-class, scaled, diversified food company. 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,” said Rob Holland, founder of CREO Capital Partners and its managing partner. Holland helped lead the firm’s acquisition of 505 Southwestern over a decade ago and has driven the brand’s growth by over 15-fold during CREO’s ownership.