Baking & Snack - March 2023 - 12

JTM Foods acquires
Cookies-n-Milk
JTM Foods LLC, a portfolio company of Tenex Capital
Management, acquired Cookies-n-Milk, a bakery and frozen dessert
manufacturer, according to Pinecrest Capital Partners, which
was the exclusive adviser to Cookies-n-Milk in the transaction.
Based in McKinney, Texas, Cookies-n-Milk makes fully baked
cookies, brownies, blondies, donut holes and edible cookie dough.
The products are sold in convenience stores, grocery stores, foodservice
businesses and fast-casual restaurants throughout the
United States. Mike and Cindy Blasko founded Cookies-n-Milk
in 1993.
JTM Foods and Tenex Capital Management will support
Cookies-n-Milk as it expands operations.
" We are so excited to be a part of the JTM/Tenex family, " Mr.
Blasko said. " Their teams bring strong leadership and specific industry
experience that will enable Cookies-n-Milk to build off its
current momentum and ensure that the company continues its
impressive growth trajectory. I was extremely impressed with the
process that Pinecrest put together. I cannot thank them enough. "
JTM Foods produces snack pies and other sweet goods out
of a facility in Erie, Pa. Last August, the company broke ground
on a new 195,000-square-foot manufacturing plant in Wichita,
Kan., that should double its current manufacturing and distribution
footprint.
- Jeff Gelski, Food Business News
FDA restructures
food program
The Food and Drug Administration (FDA) is restructuring its food
program by combining the Center for Food Safety and Applied
Nutrition, Office of Food Policy and Response and certain aspects
of the Office of Regulatory Affairs into what will be known as the
Human Foods Program.
The change follows a report submitted by the Reagan-Udall
Foundation that evaluated the food program in the wake of last
summer's infant formula shortage. The report recommended
creating separate agencies within the Department of Health and
Human Services to oversee food and drugs, separating the food
and drug arms within the FDA.
Within the Human Foods Program, the FDA also will create the
Center for Excellence in Nutrition to work with industry to offer
more nutritious foods, and it will create the Office of Integrated
Food Safety System Partnerships to work with state and local regulatory
partners on food safety issues and programs.
- Keith Nunes, Food Business News
BEMA
Kerwin Brown joins
CMA board
Kerwin Brown, president and chief executive officer of BEMA,
was appointed to the board of the National Association of
Manufacturers' Council of Manufacturing Associations (CMA).
The CMA is made up of more than 200 industry-specific manufacturing
associations representing 130,000 companies worldwide.
Mr. Brown has led BEMA since April 2005. Before that, he was
marketing and communications manager at Shick USA.
He received a bachelor's degree in marketing and information
systems at Baylor University in Waco, Texas, and a master's degree
in marketing and database management at the University of
Missouri in Kansas City.
In addition to Mr. Brown, others appointed to the 2023 CMA
board included Leslie Sarasin, president and CEO of FMI - The
Food Industry Association, and Corey Rosenbusch, president and
CEO of The Fertilizer Institute. Melissa Hockstad, president and
CEO of the American Cleaning Institute, was named chair of the
board, and Jennifer Abril, president and CEO of the Society of
Chemical Manufacturers & Affiliates, was named vice chair.
- Eric Schroeder, Milling & Baking News
Ohio potato chip maker
seeks new ownership
Mikesell's, a 110-year-old snack foods company, is going out of
business and seeking new ownership.
Founded in 1910, Mikesell's claims to be the " oldest continuous
operating potato chip company in the United States. " The company
began by selling dried beef and sausage throughout Dayton, Ohio,
before moving on to producing potato chips. Today, the company
is a privately held manufacturer and distributor of a wide range of
snack foods, including potato chips, pretzels and corn products.
- Eric Schroeder, Milling & Baking News
12 Baking & Snack March 2023 / www.bakingbusiness.com
http://www.bakingbusiness.com
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