Flagship Food Group, a manufacturer of 505 Southwestern sauces, salsas, and snacks, has purchased some assets of Es Mi Tiempo, the owner of the selec New Mexico (SNM) brand of premium green chili food products from New Mexico.

505 Southwestern refers to the area code for Albuquerque, New Mexico, wher the products are manufactured, and is reportedly the first brand to be recognised as ‘New Mexico True’ by the State.

SNM and 505 Southwestern products are sold in all the states of US, as well as in UK.

Headquartered in Denver, Colorado, SNM serves retail and food service firms in the Front Range and the Rocky Mountain regions.

“SNM brings our company a network of dedicated drivers and sales professionals that will help us better serve our customers in the Front Range and in New Mexico.”

Flagship has no plans to change management or key personnel at SNM. It intends to widen its presence in the Denver area after the acquisition. Likewise, Flagship does not intend to change the product offerings of SNM or alter supplier or vendor relationships.

SNM president Harold Montana said: “It will be business as usual for our employees and customers, except that now we just have more resources behind us.”

Montana will lead all direct store delivery efforts for Flagship henceforth.

Flagship and its parent CREO Capital M&A head Patrick Moulder said: “Both of our of companies have a deep passion for New Mexican cuisine, Hatch Valley green chilies, and sauces, salsas, and condiments that enhance the flavour of almost any meal.

“SNM brings our company a network of dedicated drivers and sales professionals that will help us better serve our customers in the Front Range and in New Mexico.”