My/Mochi Ice Cream Acquired by Morinaga — Consumer M&A

Morinaga has acquired My/Mochi Ice Cream, a food beverage retail business in Hawaii, for $80 million. My/Mochi Ice Cream sells mochi ice cream and snackable frozen desserts, strengthening Morinaga’s U.S. consumer food portfolio in HI acquisitions. Morinaga acquisitions also support a strategic acquisition strategy to grow demand for Japanese-style treats through consumer M&A and add on acquisition capabilities. The announced add on acquisition is a strategic acquisition by Morinaga and is categorized as consumer deals HI, with deal size under $10M and an expected close following standard regulatory review.