Macaron and confectionery manufacturers secure funding
TORONTO — Bond Bakery Brands Ltd., a platform for stakeholder-focused investments that speeds up the expansion of bakery businesses, has started investing in Coco Bakery Inc. With its headquarters in Mississauga, Ontario, Coco Bakery produces fine sweets and French macarons that are sold to foodservice and retail establishments throughout North America.
According to Nicolas Mulroney, co-founder, president, and chief executive officer of Bond Bakery, “Coco Bakery is a leader in a segment of strategic importance to us and expands our production footprint into the Ontario market.” The industry regards Coco Bakery’s founders as highly esteemed, and we are thrilled to be investing in the company’s expansion in both Canada and the US.
The executive vice president of investments and corporate development of Bond Bakery and co-founder Cameron Loree referred to Coco Bakery as “a transformational investment” for Bond.
The power of our platform to support founder- and family-run commercial bakeries is demonstrated by this transaction, according to Mr. Loree. It greatly improves Bond’s sweet foods platform in conjunction with Portofino Bakery and Pace Processing, and it gives us a solid foothold in the Greater Toronto Area.
A diversified bakery with one of Canada’s fastest growth rates was founded in 2004 and is located in Victoria, British Columbia. A comprehensive range of bread and buns, along with specialised goods like ciabatta, artisan bread and pretzel buns, are produced by the company. Gluten-free breads, buns, and pastries are also available at Portofino.
The multi-category food processor Pace Processing, located in Surrey, British Columbia, offers the restaurant and retail sectors in North America. The company produces a wide range of baked goods, including single-serve desserts, artisan bread, traditional pizzas, and rich pastries.
In October 2020, Bond Bakery acquired its ownership positions in Pace Processing and Portofino Bakery.
The collaboration with Bond Bakery, according to Coco Bakery CEO Oksana Marjanovic, marks the company’s next stage of expansion.
“Since establishing the company in 2012, we’ve put a lot of effort into leading the French macaron and related bakery product market in North America, and we’re excited to join Bond’s dynamic bakery platform,” the spokesperson stated. From our first encounter with Bond, Nicolas and Cameron astonished us, and we greatly like their dedication and the zeal with which they have developed their company. I’m eager to see what they can accomplish with Coco Bakery.