JTM Foods Acquires Cookies-n-Milk (CnM)

Tenex Capital Management Acquires JTM Foods (JJ's Bakery)

May 26, 2021

Food & Beverage

Tenex Capital Management announced an investment to acquire JTM Foods (dba JJ's Bakery), the largest manufacturer of handheld snack pies in North America. The transaction (supported by debt financing from lenders including Audax Private Debt and Varagon Capital Partners) will partner Tenex's operational expertise with JTM's co-manufacturing, private-label and branded snack-pie business to expand capabilities and growth.

JTM Foods Acquires Big Texas and Cloverhill Brands and Chicago Plant from The J.M. Smucker Co.

March 5, 2025

Food & Beverage

JTM Foods, LLC has finalized the acquisition of the Big Texas and Cloverhill brands, select private-label products and a Chicago manufacturing plant from The J.M. Smucker Co. The deal, announced earlier in February, is valued at approximately $40 million and includes a Chicago facility that employs about 400; Smucker called the sale part of its portfolio optimization to prioritize the Hostess brand.

J&J Snack Foods Acquires Thinsters

April 9, 2024

Food & Beverage

J&J Snack Foods Corp. has acquired Thinsters, a Montclair, New Jersey-based cookie brand known for thin, crunchy cookies made with simple ingredients. The acquisition expands J&J Snack Foods' portfolio of cookies and baked goods and aims to leverage J&J's sales, marketing and distribution capabilities to grow the Thinsters brand.

J&J Snack Foods Acquires Dippin' Dots for $222M

June 21, 2022

Food & Beverage

J&J Snack Foods Corp. agreed to acquire Dippin' Dots, L.L.C. (including the Doc Popcorn business) for $222 million, a transaction funded with cash and senior debt and expected to close in June 2022. The acquisition expands J&J's frozen novelty portfolio and production/distribution capacity, and closed on June 21, 2022.

Nestlé Brasil Acquires CRM Group (Owner of Kopenhagen and Brasil Cacau)

September 6, 2023

Food & Beverage

Nestlé Brasil has entered into an agreement to acquire the entire stake held by FIP Dutch (quotaholders: funds managed by Advent International) in the CRM Group, owner of the Kopenhagen, Brasil Cacau and Kop Koffee brands. The deal — subject to CADE approval — will expand Nestlé's presence into premium chocolate retail and store-based consumer experiences; the transaction is expected to close in 2024 and financial terms were not disclosed.

The J.M. Smucker Co. Acquires Hostess Brands

September 11, 2023

Food & Beverage

The J.M. Smucker Co. agreed to acquire Hostess Brands for approximately $5.6 billion including debt ( $34.25 per share in a cash-and-stock transaction), expanding Smucker's portfolio into sweet baked goods and convenience-store channels. The deal, completed Nov. 7, 2023, brings Hostess's iconic brands (Twinkies, HoHos, DingDongs, Voortman, etc.), manufacturing sites across North America and roughly 3,000 employees into Smucker's business.