New York, NY & Erie, PA – May 26, 2021 – Tenex Capital Management (“Tenex”) is pleased to announce its investment in JTM Foods (dba JJ’s Bakery), the largest manufacturer of handheld snack pies in North America.
JTM Foods makes its products fresh every day using high quality dough and real fruit fillings based on classic recipes. The company sells its handheld pies under the JJ’s Bakery brand, in addition to an array of private label snack pies and crispy treats, distributing to the grocery, convenience, mass, club and dollar store channels across the country. The company also co-manufactures products for leading branded food companies throughout North America.
JTM Foods President & CEO Monty Pooley commented, “We believe Tenex is the ideal partner for JTM and that the team’s manufacturing expertise will be highly beneficial as our business continues to grow and we work to enhance our offering and service the needs of our customers.”
“Tenex is honored to be partnering with Monty and the entire JTM family. After the new leadership team was assembled from 2016 to 2018, the business has experienced dramatically improved growth and operational performance thanks to their efforts. We look forward to working with our new partners to delight customers and expand our capabilities across the sweet baked goods industry,” said Tenex Managing Director Gabe Wood.
About JTM Foods:
Headquartered in Erie, PA, JTM Foods, LLC, has been producing premium quality snack pies and other sweet treats since 1985. The Company produces JJ’s Bakery branded, co-manufactured, and private label sweet baked goods such as fruit filled snack pies, mini pies, and crispy rice treats. For additional information, please visit www.jjsbakery.net.
About Tenex Capital Management:
Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit www.tenexcm.com.