Japanese bakery acquires New York desserts producer Brooklyn Brands
Taguchi & Co. plans to expand the company's reach within the North American market.
Astor Group, a consumer-focused advisory firm and merchant bank, has announced today that its portfolio company Brooklyn Brands has been acquired by Japanese bakery Taguchi & Co. Ltd. The deal reportedly represents the first noteworthy acquisition by a Japanese bakery of a U.S. dessert manufacturer and broadens Brooklyn Brands’ domestic and global distribution; the acquisition will enable Taguchi & Co. to expand within North America with plans to grow both organically and through additional acquisitions.
While the terms of the transaction were not disclosed, Brooklyn Brands has experienced rapid growth and is the nation’s largest manufacturer of artisanal New York desserts (the producer makes more than 18,000 babkas daily, for example) with distribution to over 10,000 retailers nationwide, including Kroger, Albertsons, Whole Foods Market, Publix, and Wegmans. Its private label products are among the most sought-after bakery products at top- ranked US supermarkets.