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

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.

JTM Foods Acquires Cookies-n-Milk (CnM)

February 2, 2023

Food & Beverage

JTM Foods, LLC (dba JJ’s Bakery) has acquired Cookies-n-Milk (CnM), a family‑owned producer of edible cookie dough bites, individually wrapped cookies and brownies, donut holes and ready‑to‑bake frozen cookie doughs. Cookies‑n‑Milk operates a production facility in McKinney, Texas, and JTM said the acquisition strengthens its sweet goods portfolio and will leverage JTM's operations and sales capabilities to expand the edible cookie dough category nationally.

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.

Texan Insurance Acquires J&M Insurance

January 16, 2025

Insurance

Texan Insurance, a family-owned full-service insurance agency based in Houston, has acquired Austin-based J&M Insurance, a provider of personal and commercial insurance founded in 2005. The deal will keep the J&M team in place and expand Texan Insurance's service offerings and market presence across Texas.

Second Nature Brands Acquires Sahale Snacks from The J.M. Smucker Co.

September 27, 2023

Food & Beverage

Second Nature Brands, a Michigan-based snack platform, has agreed to acquire Sahale Snacks from The J.M. Smucker Co. for $34 million. The deal includes Sahale trademarks and a leased manufacturing facility in the Seattle area and will transition approximately 100 employees to Second Nature Brands; the acquisition is an add-on to Second Nature Brands' premium snack portfolio.

Second Nature Brands Acquires Voortman Brand from The J.M. Smucker Co.

October 22, 2024

Food & Beverage

Second Nature Brands (PE-backed by CapVest Partners) acquired the Voortman cookie brand from The J.M. Smucker Co. in an all-cash transaction valued at approximately $305 million (subject to working capital adjustments). The deal (which closed Dec. 2, 2024) includes all Voortman trademarks, a leased manufacturing facility in Burlington, Ontario, and the transition of about 300 employees; Second Nature says the acquisition expands its cookie portfolio and U.S./Canada growth opportunities.