BIRMINGHAM, MIch. — An investment fund managed by Lakeview Capital, Inc. has closed its acquisition of The Mochi Ice Cream Co., maker of My/Mo Mochi Ice Cream and the one of the largest branded manufacturers of mochi ice cream in North America. Lakeview Capital acquired the company from Century Park Capital Partners.
Financial terms of the transaction were not disclosed.
The Los Angeles-based company is best known for creating mochi ice cream, a handheld snack of premium ice cream wrapped in a sweet, pillowy rice dough.
“We’re thrilled to be partnering with a focused, seasoned management team to support growth in the snack category, a segment we find very attractive,” said Jake Freeman, director of investments for Lakeview Capital, Inc. “We are closely aligned with the team on our plans to deploy significant capital to continue to build a leading, global branded mochi snack platform.”
Craig Berger, president and chief executive officer of The Mochi Ice Cream Co., will remain with the company along with other members of the management team.