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La Tortilla Factory has announced that Flagship Food Group has invested in its business and will become a majority stakeholder.

The manufacturer of tortillas and Mexican food says the investment will support its future growth strategy.

Established by the Tamayo family in 1977, La Tortilla Factory is a manufacturer and distributor of better-for-you tortillas and Mexican food products including a wide range of corn, flour and speciality tortillas – such as grain-free cauliflower, low carb and protein – as well as side dishes, sauces and snacks.

The firm operates a manufacturing facility in Northern California and operates distribution facilities in multiple cities on the West Coast.

Following the transaction, Flagship will hold a controlling interest in La Tortilla Factory, while the third generation Tamayo family members will continue to remain valued partners. The company’s 300 employees will also remain.

"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. 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," said Jeff Ahlers, CEO of La Tortilla Factory.

Upon completion, the La Tortilla Factory brand will join Flagship’s portfolio that consists of the 505 Southwestern, Lilly B’s, TJ Farm’s and Hatch Kitchen brands.

Rob Holland, the founding partner at Creo Capital Partners – the majority owner of Flagship Food Products – said: "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.”

Financial details of the deal were not disclosed.