Morinaga Co., Ltd. to Acquire My/Mochi Ice Cream

Marubeni Corporation Acquires Bubbies Ice Cream

June 30, 2025

Food & Beverage

Marubeni Corporation has acquired Bubbies Ice Cream, the leading mochi ice cream brand in the natural channel, making it part of Marubeni America Corporation while operations and manufacturing remain in Phoenix, Arizona. The acquisition aims to accelerate Bubbies' growth by leveraging Marubeni’s global supply-chain capabilities and distribution network to scale the brand nationally and internationally.

Morinaga Nutritional Foods Acquires Turtle Island Foods (Tofurky & Moocho)

February 10, 2023

Food & Beverage

Morinaga Nutritional Foods, a U.S. subsidiary of Morinaga Milk Group, acquired Turtle Island Foods Holdings, Inc. — the owner of the Tofurky and Moocho brands — making Turtle Island a wholly owned subsidiary. The acquisition aims to expand Morinaga's plant-based foods (PBF) business in North America, strengthen the integrated supply chain and manufacturing capabilities, and grow the Tofurky and Moocho brands across retail and foodservice channels.

PNC Brands Group Acquires Majority Interest in Ice Cream Factory

October 21, 2025

Food & Beverage

PNC Brands Group has acquired a majority interest in Ice Cream Factory, the family-owned ice cream company headquartered in Lebanon, Missouri. Founder Shannon Imler will remain as Chief Growth Officer while PNC's CEO Gail Kurpgeweit will serve as Ice Cream Factory CEO as the business undergoes operational upgrades, expanded co-manufacturing capacity, and job growth.

Kagome Co., Ltd. Increases Stake to 70% in Ingomar Packing Company, LLC

November 1, 2024

Food & Beverage

Kagome Co., Ltd. has increased its ownership in Ingomar Packing Company, LLC from 20% to a 70% majority stake, making Ingomar a Kagome majority-owned subsidiary. The deal strengthens Kagome's tomato processing capacity and US value chain while accelerating its global tomato-processing network and agricultural initiatives.

MidOcean Partners Acquires Casper's Ice Cream

January 4, 2022

Food & Beverage

MidOcean Partners, a New York-based middle-market private equity firm, has acquired Casper's Ice Cream, a leading US manufacturer and supplier of branded and co-packed frozen novelty products (including FatBoy, Jolly Llama and ChurnBaby). Casper's, headquartered in Cache Valley, Utah and family-owned for more than 95 years, will pursue accelerated organic growth and strategic M&A under MidOcean's ownership; financial terms were not disclosed.

Bain Capital Private Equity Acquires Majority Stake in Mash Holdings

November 15, 2022

Retail

Bain Capital Private Equity agreed to acquire a majority stake in Tokyo-based Mash Holdings, the operator of fashion and lifestyle brands including gelato pique, SNIDEL and FRAY I.D. The firm said it will partner with Mash's management to strengthen the company's business foundation and accelerate medium- to long-term growth across its fashion, beauty and food brands.