Yamazaki Baking acquires Bakewise Brands
We are pleased to announce that our client, Yamazaki Baking Co., Ltd. (TSE:2212 or “Yamazaki”), one of the largest bakery companies in the world, acquired Bakewise Brands, Inc. (“Bakewise”), a leading national producer of bagels and artisan breads, from Ancor Capital, Merit Capital Partners and individuals.
Financial terms were not disclosed. GCA served as the exclusive financial advisor to Yamazaki.
Headquartered in Tokyo, Japan, Yamazaki manufactures baked goods. Products include breads, sweet buns, Japanese and Western-style confectioneries, processed breads, prepared rice, side dishes, biscuits, crackers, rice crackers and other products. Products are sold in supermarkets, convenience stores and through other sales channels. Yamazaki entered the U.S. market in 1990, expanded its U.S. business by acquiring Vie de France’s bakery division in 1991 and Vie de France’s restaurant division in 1994 and continues to broaden its presence in the U.S. For the year ended December 31, 2015, Yamazaki had revenues of approximately $9 billion. For more information, visit www.yamazakipan.co.jp/english/.
Headquartered in Macedon, New York, Bakewise produces fresh, refrigerated and frozen bagels for over 30 large national and retail customers. Bakewise also provides over 400 fresh and frozen artisan bread products through its subsidiary, Tom Cat Bakery, located in Long Island City, New York, serving upwards of 1,000 upscale casual and fine dining, chains, foodservice and specialty retailers in the New York metro area as well as customers in 17 states outside New York. For more information, visit www.bakewisebrands.com.