DENVER — Flagship Food Group has acquired guacamole, salsa and dip manufacturer Yucatan Foods for an undisclosed sum.
The acquisition includes both the Yucatan and Cabo Fresh brands, joining Flagship’s Southwestern portfolio that includes La Tortilla Factory, Lilly B’s and 505 Southwestern.
“We have been building Flagship to be a scaled, multicategory food company with a focus on premium and Hispanic food products,” said Rob Holland, executive chairman of Flagship.
Flagship also gains access to 97,000 square feet of manufacturing space in Silao, Mexico, as part of the transaction, furthering the company’s emphasis on vertical integration.
“This is great for the future of this legendary brand in the guacamole category,” said Stephen Hillion, vice president of sales and marketing for Yucatan. “Being part of this broad family of complementary Hispanic and Southwestern food products will allow us to offer more value to our retail partners and to consumers. We are going into immediate action to collaborate with our partners to realize these synergies.”