Private-equity firm Stellex Capital Management has acquired J. Skinner Baking, which produces artisan danishes, muffins, cinnamon rolls, brownies and bars. In addition, Doug Davidson, a bakery operator with multiple decades of experience, has been named president and COO for the company.
Skinner is based in Omaha, Neb., and was founded in 1983. It provides its ready-to-eat baked goods for in-store bakeries, foodservice operations and co-packing partners — with its products sold in more than 30,000 retail locations in all 50 states.
With Stellex’s investment into the company, it is expected to expand production capacity, increase automation and develop more new products.
Terms of the deal were not disclosed.
About the Author
Andy Hanacek
Senior Editor
Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.