My Mochi ICE Cream acquired by Morinaga & Co.

UNITED STATES Food Processing / Food Products EV $100–350M

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 $100–350M. 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.

-> Deep-dive in AgriFood market trends

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

$100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

FREE VIEW

Year

Rev

EBITDA

EBIT

2025

60m

2024

Similar deals in Food Processing

Similar deals in Food Processing
Date	Acquirer	Target	Country	Sector
04/2026	ONE ROCK CAPITAL PARTNERS	EAT HAPPY GROUP	GERMANY	Food Products
04/2026	AMBIENTA	THE BRIDGE BIO	ITALY	Soft Drinks
03/2026	DANONE	HUEL	UNITED KINGDOM	Food Products
03/2026	ARES	EUROPASTRY	SPAIN	Bakery / Pastry
03/2026	VALEO FOODS GROUP	PRESTIGE-96	BULGARIA	Bakery / Pastry
03/2026	MCCORMICK & COMPANY	UNILEVER FOOD DIVISION	UNITED KINGDOM	Food Products
03/2026	BRIDOR	PANAMAR BAKERY GROUP	SPAIN	Bakery / Pastry
03/2026	ATRIA	COOKIN FOOD SWEDEN	SWEDEN	Food Products
03/2026	NEXTSTAGE	SOCIÉTÉ DES EAUX MINÉRALES D’ARCACHON (SEMA)	FRANCE	Soft Drinks
03/2026	ALPHAPET VENTURES	CPRO FOOD	BELGIUM	Petfood

REFERENCES

Valuation range: EV $100–350M

Revenue range: $50–100M

EBITDA range: $5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

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

FAQ

What transaction does this page cover?

This page covers Morinaga & Co.’s acquisition of 100% of My Mochi ICE Cream, an American company specialised in Food Products, in 2026.

How was the acquisition of My Mochi ICE Cream by Morinaga & Co. valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $100–350M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were My Mochi ICE Cream’s revenue and EBITDA at the time of the deal?

At the time of the transaction, My Mochi ICE Cream reported annual revenue of $60m, with EBITDA estimated in the $5–25M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction intelligence is supported by independent reporting from specialized financial publications, alongside a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.