Richmond, CA – Brioche Pasquier Group, the largest producer of brioche in the European Market, has acquired a majority stake in Galaxy Desserts, a leading U.S. producer of individual desserts and pastries based in Richmond, CA. Pasquier plans to bring its world-class line of baked goods to the American market.
Brioche Pasquier is headquartered in les Cerqueux, France. Led by its President, Pascal Pasquier, the company’s sales in 2011 were $721 mm (US), and it employed over 3,000 people in 16 production plants.
Jean-Yves Charon and Paul Levitan, co-founders of Galaxy Desserts, have retained ownership in the combined venture, and, together with Pascal Pasquier and Fabrice Sciumbata (International Director) from Brioche Pasquier Group, will continue to lead and manage the operation. Galaxy’s production facility in Richmond, CA will continue to serve as the company’s base of operations.
“We are thrilled to have joined forces with Pasquier and its world-class manufacturing capabilities. We have worked well together for several years, and are thrilled at the partnership. We share the same core values along with a dedication to providing the best desserts and pastries on the market. We are excited for what we will build together in the U.S.,” said Paul Levitan, President & CEO of Galaxy Desserts.
“The synergies of our companies – combining Galaxy’s market knowledge and the quality of their products with our industrial and commercial strengths – will enable us to continue to build our business,” said Pascal Pasquier, President of Brioche Pasquier.
Source: Galaxy Desserts
