Arbor Investments to Acquire Hudson Baking
The baking company is a supplier to customers in the co-manufacturing, convenience store, grocery retail and foodservice channels
Hudson Baking will join Arbor's baking platform, Le Petit Pain Holdings, which includes New French Bakery, Inc. and Best Maid Cookie Company, Inc. New French is a Minneapolis-based commercial bakery that manufactures a comprehensive offering of premium branded and private label take-and-bake and fresh artisan breads. Best Maid is headquartered in River Falls, Wisconsin and is a manufacturer of branded and private label gourmet cookies in both fully baked and frozen dough formats. The Le Petit Pain platform is overseen by Arbor Operating Partner, Mike Schultz, a twenty year executive in the baking industry, including as a former executive at CSM Bakery Products and Minneapolis-based Best Brands Corporation.
"Hudson thrived under the leadership of Kristen and Tim, highlighted by the company's track record of above market top-line growth and excellent reputation," said Arbor Vice President Brody Lynn. "We are excited about adding Hudson to our Le Petit Pain platform. This acquisition will enable us to continue to execute on our growth strategy by capitalizing on the tremendous opportunities we see in the baking industry."
"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," said Mike Schultz, Operating Partner at Arbor Investments. "We expect significant near term opportunities to arise from offering Hudson's products to our platform's existing customer base."
"We are looking forward to beginning our partnership with Arbor and joining the Le Petit Pain platform," said Kristen Rieser, President and founder of Hudson. "Arbor's baking industry expertise, resources and capital made them the right choice to partner with as the company enters its next growth phase."