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J. Skinner Baking acquired by Stellex Capital Management

Skinner Baking, a company specializing in artisan baked goods including danishes, muffins, cinnamon rolls, brownies, and bars, announced that it was acquired by Stellex Capital Management – a private equity firm that invests in middle market companies in North America and Europe. The financial details of the transaction were not disclosed.

J. Skinner is one of the largest in-store baking providers in the US, supplying over 30,000 retail locations across all 50 states.

Following the acquisition, J. Skinner will get support to invest in production capacity expansion, increased automation, and new product development. The company also announced it appointed a new CEO and President, Doug Davidson.

“Stellex has supported the business with significant incremental day-one capital and liquidity to enable the company’s aggressive expansion plans,” said Audie Keaton, CEO of J. Skinner. “This new partnership will seek to strengthen our existing operations, support the Company’s long-term growth agenda, drive sustainability, and bring value to J. Skinner’s employees, the Omaha community, and our nationwide customer base.”

“With a long history of driving value for its strategic retail partners through baked goods innovation, quality, and service, J. Skinner is now equipped for its next stage of product and capability expansion,” added Trey Lee, Managing Director at Stellex. “We are thrilled to welcome Doug to the team and invest behind this inflection point with our capital and strategic resources as the Company moves further to meet customers at their critical points of need.”

Headquartered in Omaha, Nebraska, J. Skinner has over 800 employees and a diverse product offering across danishes, muffins, cinnamon rolls, brownies, and bars.

Photo: J. Skinner Baking social media