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03/2026

MY MOCHI ICE CREAM acquired by Morinaga & Co.

UNITED STATES Food Processing / Food Products EV 100M - 350M USD

Context

By acquiring The Mochi Ice Cream Company, LLC to combine frozen dessert capabilities with established soft candy production lines, Morinaga & Co., Ltd. executes a definitive expansion into the United States frozen snack market. Announced on March 9, 2026, the transaction officially transfers all equity interests from the selling entity, MyMo Parent, LP, directly to the Japanese buyer based on an enterprise value of . Through this cross-border acquisition, Morinaga & Co., Ltd. captures a targeted product portfolio that generated an annual revenue of $60M during the 52-week period ending January 25, 2026. The financial architecture of the deal dictates that MyMo Holdco, Inc., the direct parent of The Mochi Ice Cream Company, LLC, will become a wholly-owned subsidiary of Morinaga & Co., Ltd. following the equity transfer. The strategic rationale articulated by the acquiring board centers on capitalizing on the steadily expanding United States novelty ice cream market, which reached an estimated $8.6 billion in sales in 2025. By internalizing the manufacturing infrastructure of My/Mochi Ice Cream, Morinaga & Co., Ltd. aims to leverage its proprietary research and development expertise in popsicles, ice cream bars, and chocolate-coated ice cream to accelerate flavor innovation within the mochi category. Furthermore, this corporate integration aligns with the buyer's broader American expansion strategy, complementing its previously announced plans to open a second domestic candy factory in 2027. To navigate the legal complexities of this international buyout, Morinaga & Co., Ltd. retained the law firm Morrison Foerster to serve as exclusive legal counsel. The advisory team was led from Tokyo by corporate partners Jeremy White and Adam Harris, alongside senior associate Bryce Gray, with specialized regulatory support provided by FDA and Healthcare compliance partner Brian Sylvester in Washington D.C. Subject to customary closing conditions, the final integration of My/Mochi Ice Cream into the Morinaga & Co., Ltd. corporate structure is anticipated to complete in April 2026.

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Target

Distributed across a nationwide network of retail locations, My/Mochi Ice Cream operates as a specialized manufacturer of premium frozen desserts. Founded during the 1990s by a Japanese baker and an American entrepreneur within the Little Tokyo district of Los Angeles, California, the company focuses exclusively on the production of mochi ice cream. The product architecture combines premium ice cream wrapped in traditional sweet rice dough, formulated strictly with non-GMO ingredients, cream containing no rBST, and completely soy-free recipes. From its Los Angeles headquarters, My/Mochi Ice Cream manages a diverse manufacturing portfolio encompassing more than twenty distinct flavor profiles, including Strawberry, Mango, Cookies and Cream, and Cookie Dough, alongside dedicated dairy-free and sorbet product lines. Under the executive leadership of President and Chief Executive Officer Craig Berger, the frozen snack producer scales its operations to address the expanding American consumer demand for multi-textural desserts. By centralizing its production protocols around authentic Japanese confectionery traditions adapted for modern retail, My/Mochi Ice Cream functions as the largest producer of mochi ice cream in the global market.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

FREE VIEW
Year
Rev
EBITDA
EBIT
2025
60M
2024

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REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 50M - 100M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MY MOCHI ICE CREAM by Morinaga & Co. are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: my mochi ice cream

Acquirer: morinaga & co.