Pancake mix maker Kodiak Cakes acquired, 2021-05-25

GREENWICH, CONN. — Private equity firm L Catterton has acquired better-for-you food brand Kodiak Cakes for an undisclosed amount. Existing shareholders including Sunrise Strategic Partners, Trilantic North America and the company’s founders and management team will continue to own a significant minority stake in the business. Based in Park City, Utah, Kodiak Cakes offers an assortment of whole grain pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes and snacking products. The company is led by co-founder and chief executive officer Joel Clark . . .
Buyer L Catterton has significant experience in investing in consumer brands.

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