Pancake maker Kodiak Cakes is being acquired by private equity firm L Catterton for an undisclosed amount, the companies said in a statement.
Kodiak has expanded into waffle mixes, frozen waffles, oatmeal, baking mixes and a variety of snacking products. Its better-for-you offerings are currently sold in 26,000 retail locations, including Target, Walmart and Costco.
The sale comes as the pandemic has increased consumer demand for healthier products. At the same time, people are spending more time at home making food, with breakfast among the biggest beneficiaries.
Read more/Source: FoodDive
