US private-equity firm Arbor Investments is expanding its bakery business through the acquisition of Hudson Baking Co., a manufacturer of premium marshmallow crispy dessert bars, brownies, cookies and other baked goods.
Hudson supplies customers in the co-manufacturing, convenience store, grocery retail and foodservice channels.
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The company will continue to operate out of its facility in Hudson, Wisconsin, but its operations will be integrated into Arbor's baking platform, Le Petit Pain Holdings. This business includes premium take-and-bake manufacturer New French Bakery and gourmet cookie maker Best Maid Cookie Company.
Commenting on the acquisition, Arbor VP Brody Lynn said Arbor hopes to benefit from Hudson's "track record" of "above market top-line growth" and "excellent reputation".
"We are excited about adding Hudson to our Le Petit Pain platform. This acquisition will enable us to continue to execute on our growth strategy by capitalising on the tremendous opportunities we see in the baking industry," he continued.
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Mike Schultz, operating partner at Arbor, added: "We expect significant near term opportunities to arise from offering Hudson's products to our platform's existing customer base."
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