Investment platform Bond Bakery Brands has strengthened its sweet goods platform after investing in Coco Bakery, a Canada-based manufacturer of macaron and premium baked products.
Headquartered in Mississauga, Ontario, Coco Bakery provides macarons and other French pastries such as eclairs and profiteroles to retail and food service customers across North America.
“Coco Bakery is a leader in a segment of strategic importance to us and expands our production footprint into the Ontario market,” said Nicolas Mulroney, co-founder, president and CEO of Bond Bakery Brands.
He added: “Coco Bakery’s founders have built a strong reputation within the industry, and we are very excited to invest in the company’s growth in Canada and the US.”
The transaction strengthens Bond Bakery Brands’ investment platform that aims to accelerate the growth of bakery companies. Coco Bakery will now join Bond’s portfolio alongside Portofino Bakery, and Pace Processing and Product Development, which the company acquired last October.
Bond Bakery Brands employs more than 600 people across ten facilities in Canada.
Oksana Marjanovic, founder of Coco Bakery, said: “I’m delighted to announce that we will be partnering with Bond Bakery Brands for the next phase of Coco Bakery’s growth journey.
“Since founding the business in 2012, we’ve worked hard to become the North American leader in French macarons and other similar bakery products, and look forward to joining Bond’s exciting bakery platform. I’m excited to see what Coco Bakery can achieve under their guidance.”
© FoodBev Media Ltd 2021
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