From
KOB-TV.com - The world’s biggest tortilla company has bought out Albuquerque Tortilla Company, owned and operated by a local family since 1987. Mission Foods, part of the multi-national Gruma
Corporation, says it paid $8.8 million for the corn and flour tortilla portion of Albuquerque Tortilla’s business. The Martinez family will retain the company’s frozen food line under the Albuquerque Tortilla brand for now, but they expect to establish new brand names soon. The family thinks the future lies in the freezer. “ We still have the tamales, chile rellenos, all the chile, red and green of course,” said Chris Martinez. “A whole line of prepared foods for retal and food service.” The new company, called Authentic New Mexico, will aim for a national market for New Mexico food products.
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ABQ Tortilla Co. sells for $8.8 million
From KOB-TV.com - The world’s biggest tortilla company has bought out Albuquerque Tortilla Company, owned and operated by a local family since 1987. Mission Foods, part of the multi-national Gruma Corporation, says it paid $8.8 million for the corn and flour tortilla portion of Albuquerque Tortilla’s business. The Martinez family will retain the company’s frozen food line under the Albuquerque Tortilla brand for now, but they expect to establish new brand names soon. The family thinks the future lies in the freezer. “ We still have the tamales, chile rellenos, all the chile, red and green of course,” said Chris Martinez. “A whole line of prepared foods for retal and food service.” The new company, called Authentic New Mexico, will aim for a national market for New Mexico food products. Read more
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