Yamazaki Baking, the Japanese bakery group, has snapped up US firm Bakewise Brands from private-equity firm Ancor Capital Partners and investment fund Merit Capital Partners.

Merit and Ancor set up Bakewise Brands in 2010 as the corporate identity for Fleischer’s Bagels, which they had acquired in 2005, and Tom Cat Bakery, which they bought in 2008.

Bakewise Brands, based in New York state, supply branded and private-label products to retail and foodservice customers in the US, Canada and the Caribbean.

In a statement, Yamazaki said it would “strive to develop” what it called “an artisan bread business”. Yamazaki said Bakewise Brands generated sales of US$23.8m in 2015.

Yamazaki has a US subsidiary, Vie de France Yamazaki, which sells into the country’s foodservice channel.

Terry Shipp, MD of Merit Capital, said: “We are proud of the significant accomplishments of Bakewise and its leadership position as a leading manufacturer and distributor of fresh, frozen and refrigerated bagel products.”

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.

Financial details were not disclosed.