Arbor Investments, the Chicago, Illinois-based private equity firm focused on acquiring food and beverage companies, recently acquired Hudson Baking Company, LLC, known for baked goods such as marshmallow crispy dessert bars, brownies and cookies.
Hudson Baking Company was founded in Hudson, Wisconsin, by Kristen and Tim Rieser in 2001. The company became recognized as a provider of high-quality baked desserts with a reputation for innovative products and the ability to meet strict product specifications.
The company will continue to operate out of its facility in Wisconsin, while joining Arbor Investments’ collection of baking companies known collectively as Le Petit Pain Holdings, which includes New French Bakery and Best Maid Cookie Company.
Arbor Operating Partner Mike Schultz, a 20-year executive in the baking industry, will oversee Hudson Baking Company as he manages Le Petit Pain Holdings for Arbor Investments.
"Hudson's marshmallow crispy bar product is highly complementary to our existing offering and will allow us to better serve our customers through a more comprehensive product lineup," Schultz said. "We expect significant near term opportunities to arise from offering Hudson's products to our platform's existing customer base."
Kristen Rieser, president and founder of Hudson, said the company looks forward to building up the new partnership with Arbor Investments.
"Arbor's baking industry expertise, resources and capital made them the right choice to partner with as the company enters its next growth phase," Rieser said.