Flagship Food Group
| Industry | Food processing |
|---|---|
| Founded | January 2005 as Flagship Food Group |
| Founder | Robert W. Holland |
| Headquarters | Denver, CO, U.S. |
Key people | Adam Butler (CEO) |
| Products | Packaged foods |
| Website | insignia |
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
[edit]Flagship Food Group was founded in January 2005[citation needed] 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 80,000 square foot (7,400 m2) 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]
References
[edit]- ^ Schroeder, Eric (March 12, 2024). "Flagship Food rebrands to Insignia International". Baking Business.
- ^ Sullivan, Ed (August 15, 2013). "After Acquisition: "Chemistry" Benefits Small Food Companies". Food Safety Magazine. Archived from the original on 2014-06-17.
- ^ a b Cohen, Deborah L. (September 2014). "Creo Capital Finds Its Mojo With Food Focus". Middle Market Growth. p. 28-35. Archived from the original on 2024-08-10. Retrieved August 10, 2024 – via Issuu.
- ^ "Our Way of Life". 505 Southwestern Chile Products. Archived from the original on 2006-02-02.
- ^ "Creo Capital Partners to Acquire Assets of Zero Debt Bottling Corp dba 505 Southwestern". Creo Capital Partners (Press release). August 21, 2007. Archived from the original on 2016-03-04 – via PRNewswire.
- ^ "Our History". Archived from the original on 2007-02-28.
- ^ "Treasure Valley Business Group acquired by Creo Capital Partners". Generational Group. January 2008.
- ^ "Creo Capital buys Eagle food distributor". Idaho Business Review. January 18, 2008.
- ^ "Products". Excelline Food Products. Archived from the original on 2012-08-25.
- ^ "Arlon Group and Creo Capital Partners Acquire Excelline Food Products". Mergr. April 1, 2010.
- ^ "Exits Excelline Food Products". Mergr. September 1, 2014.
- ^ Mayfield, Dan (October 7, 2014). "Flagship Food Group picks NM for US manufacturing and distribution HQ". Albuquerque Business First. Archived from the original on 2014-10-09.
- ^ Dyer, Jessica (October 7, 2014). "Flagship Food to expand in ABQ; up to 300 jobs possible". Albuquerque Journal. Archived from the original on 2014-10-08.
- ^ Dyson, Stuart (October 7, 2014). "New jobs coming to Albuquerque with Flagship Foods plant". KOB Eyewitness News 4. Archived from the original on 2014-10-09.
- ^ "Colorado Connection: Flagship Food Group". Business Aviation Insider. National Business Aviation Association. April 1, 2017.
- ^ Riddell, Roger (May 10, 2013). "Flagship Food to acquire Atlantic Foods, expand international presence". Grocery Dive.
- ^ "Flagship Food Group Closes Deal With Atlantic Foods Group". Flagship Food Group (Press release). May 24, 2013. Archived from the original on 2015-03-27 – via PRNewswire.
- ^ "Flagship Europe acquires Oliver James Foods and Proper Pies". Public Sector Catering. August 10, 2015.
- ^ "Flagship Europe acquires Calder Foods". JustFood. October 20, 2016.
- ^ Best, Dean (January 3, 2017). "OSI Group buys UK foodservice supplier Flagship Europe". JustFood.
- ^ Schroeder, Eric (January 29, 2021). "Flagship Food invests in La Tortilla Factory". Food Business News.
- ^ Schroeder, Eric (August 10, 2021). "Flagship Food continues expansion in tortilla category". Food Business News.
- ^ "La Tortilla Factory to leave Santa Rosa". NorthBay biz. February 7, 2024.
- ^ Harvey, Simon (2023-02-08). "Flagship Food Group acquires guacamole maker Yucatan Foods". Just Food. Retrieved 2023-02-09.
- ^ Allen, Anne (November 15, 2023). "Flagship Food Group Names Adam Butler as Chief Executive Officer; Rob Holland Shares". Deli Market News.