Flagship Food Group Explained

Insignia International
Former Name:Flagship Food Group
Type:Private
Foundation: in Los Angeles, California as Flagship Food Group
Location:Denver, CO, U.S.
Industry:Food processing
Products:Packaged foods
Founder:Robert W. Holland
Key People:Adam Butler (CEO)

Insignia International, formerly Flagship Food Group, is a global, diversified food company serving some retail, grocery, food service, and food-related organizations. Flagship was rebranded in March 2024.[1]

History

Flagship Food Group was founded in January 2005 and is the result of a number of businesses and brands brought together to form a diversified food platform company.[2] Starting in 2013 the company had been increasing acquisitions.[3]

Creo Capital Partners acquired New Mexico-based 505 Southwestern, a manufacturer of Hatch Valley green chile products,[4] in 2007;[5] Idaho-based Treasure Valley Specialty Foods, a manufacturer and distributor of branded and private-labeled food products,[6] in 2008;[7] [8] and California-based Excelline Foods, a manufacturer of private-labeled refrigerated and frozen Mexican food products,[9] in 2010.[10] [11]

Creo Capital Partners created Flagship Food Group as a subsidiary in 2012 to bring together a portfolio of food products companies that the company had been acquiring since 2005.[3]

Flagship increased the production manufacturing operations for its 505 Southwestern brand by acquiring a new 80000sqfoot facility outside of Albuquerque in 2014.[12] [13] [14] Flagship Food Group relocated its headquarters from Los Angeles to Denver in 2015 to be closer to most of its manufacturing operations.[15]

Flagship expanded its presence in Europe through the acquisition of UK-based Atlantic Foods Group in May 2013.[16] [17] In August 2015, Flagship acquired Oliver James Foods and Proper Pies.[18] In October 2016, Flagship Europe acquired food manufacturer Calder Foods.[19] Flagship sold its European foodservice division to the OSI Group in January 2017 to focus on their American operations.[20]

In January 2021, Flagship acquired controlling interest in the California-based tortilla manufacturer La Tortilla Factory[21] and controlling interest in the Kansas-based tortilla maufacturer Tortilla King a few months later.[22] The La Tortilla Factory manufacturing facility in Santa Rosa was later closed and relocated next to the Tortilla King manufacturing facility in Kansas in March 2024.[23]

In February 2023, Flagship Food Group announced it had acquired the Santa Maria-based Curation Foods subsidiary, guacamole and dip producer Yucatan Foods, for an undisclosed sum.[24]

Adam Butler replaced Rob Holland as chief executive officer in November 2023.[25]

Notes and References

  1. News: Flagship Food rebrands to Insignia International . March 12, 2024 . Eric . Schroeder . Baking Business.
  2. After Acquisition: “Chemistry” Benefits Small Food Companies . August 15, 2013 . Food Safety Magazine . Ed . Sullivan . https://web.archive.org/web/20140617224946/http://www.foodsafetymagazine.com/magazine-archive1/augustseptember-2013/after-acquisition-e2809cchemistrye2809d-benefits-small-food-companies/ . 2014-06-17 . live.
  3. Creo Capital Finds Its Mojo With Food Focus . September 2014 . Middle Market Growth . 28-35 . Deborah L. . Cohen . . August 10, 2024 . https://web.archive.org/web/20240810012914/https://issuu.com/middlemarketgrowth/docs/september_2014/28 . 2024-08-10 . live.
  4. Web site: Our Way of Life . 505 Southwestern Chile Products . https://web.archive.org/web/20060202223218/http://www.505chile.com/wayoflife/ . 2006-02-02.
  5. Creo Capital Partners to Acquire Assets of Zero Debt Bottling Corp dba 505 Southwestern . August 21, 2007 . . https://web.archive.org/web/20160304002203/http://www.prnewswire.com/news-releases/creo-capital-partners-to-acquire-assets-of-zero-debt-bottling-corp-dba-505-southwestern-58352662.html . 2016-03-04 . Creo Capital Partners.
  6. Web site: Our History . https://web.archive.org/web/20070228112202/http://www.treasurevalley.com/corporate/default.asp?page=history . 2007-02-28.
  7. News: Treasure Valley Business Group acquired by Creo Capital Partners . January 2008 . Generational Group.
  8. News: Creo Capital buys Eagle food distributor . January 18, 2008 . Idaho Business Review.
  9. Web site: Products . Excelline Food Products . https://web.archive.org/web/20120825164930/http://excellinefoods.com/products.html . 2012-08-25.
  10. Web site: Arlon Group and Creo Capital Partners Acquire Excelline Food Products . Mergr . April 1, 2010.
  11. Web site: Exits Excelline Food Products . Mergr . September 1, 2014.
  12. News: Flagship Food Group picks NM for US manufacturing and distribution HQ . October 7, 2014 . . Dan . Mayfield . https://web.archive.org/web/20141009122620/http://www.bizjournals.com/albuquerque/news/2014/10/07/flagship-food-group-picks-nm-for-us-manufacturing.html . 2014-10-09.
  13. News: Flagship Food to expand in ABQ; up to 300 jobs possible . October 7, 2014 . . Jessica . Dyer . https://web.archive.org/web/20141008175033/http://www.abqjournal.com/475999/biz/505-southwestern-to-expand-in-abq-up-to-300-jobs-possible.html . 2014-10-08.
  14. News: New jobs coming to Albuquerque with Flagship Foods plant . October 7, 2014 . . Stuart . Dyson . https://web.archive.org/web/20141009034344/http://www.kob.com/article/stories/s3583271.shtml . 2014-10-09.
  15. Colorado Connection: Flagship Food Group . April 1, 2017 . Business Aviation Insider . National Business Aviation Association.
  16. News: Flagship Food to acquire Atlantic Foods, expand international presence . May 10, 2013 . Roger . Riddell . Grocery Dive.
  17. Flagship Food Group Closes Deal With Atlantic Foods Group . May 24, 2013 . . https://web.archive.org/web/20150327023031/http://www.prnewswire.com/news-releases/flagship-food-group-closes-deal-with-atlantic-foods-group-208832801.html . 2015-03-27 . Flagship Food Group.
  18. News: Flagship Europe acquires Oliver James Foods and Proper Pies . August 10, 2015 . Public Sector Catering.
  19. News: Flagship Europe acquires Calder Foods . October 20, 2016 . JustFood.
  20. News: OSI Group buys UK foodservice supplier Flagship Europe . Dean . Best . January 3, 2017 . JustFood.
  21. News: Flagship Food invests in La Tortilla Factory . January 29, 2021 . Eric . Schroeder . Food Business News.
  22. News: Flagship Food continues expansion in tortilla category . August 10, 2021 . Eric . Schroeder . Food Business News.
  23. News: La Tortilla Factory to leave Santa Rosa . February 7, 2024 . NorthBay biz.
  24. Web site: Harvey . Simon . 2023-02-08 . Flagship Food Group acquires guacamole maker Yucatan Foods . 2023-02-09 . Just Food.
  25. News: Flagship Food Group Names Adam Butler as Chief Executive Officer; Rob Holland Shares . November 15, 2023 . Anne . Allen . Deli Market News.

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