US dessert maker Joey’s Fine Foods has been sold to a local private-equity firm in a deal that marks the buy-out house’s latest acquisition in the sector.

New Jersey-based Joey’s Fine Foods will join Indulge Desserts Holdings in the portfolio of AUA Private Equity Partners.

Announced for an undisclosed sum, AUA Private Equity Partners said the acquisition would open up a new product category for Indulge Desserts Holdings, which it bought in 2016.

Joey’s Fine Foods sells desserts including brownies and pastries into the US retail and foodservice channels. Indulge Desserts Holdings, based in New York City, supplies the same channels with “gourmet desserts”, according to the AUA Private Equity Partners website.

The private-equity firm said Indulge Desserts Holdings’ “strong presence in key retailers” would help expand Joey’s Fine Foods sales into new channels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Andy Unanue, the managing partner of AUA Private Equity Partners, said the firm “expects meaningful synergistic opportunities as we continue to scale our leading premium desserts platform”.

Steven Flyer, another partner at the buy-out house, said: “We continue to seek other dessert manufacturing assets as we realise on our vision to grow Indulge Desserts into a leading premium dessert manufacturer.”

Andy Unanue, the managing partner of AUA Private Equity Partners, added the investment firm “expects meaningful synergistic opportunities as we continue to scale our leading premium desserts platform”.

In January 2017, AUA Private Equity Partners also acquired Love & Quiches, a desserts and quiches maker based in Freeport in New York state.

Earlier this year, through another desserts company the private-equity firm owns – Raymundos Food Group – it bought Bethpage, New York-based milk-and-yogurt business Desi Natural Dahi for an undisclosed sum.