C.H. Guenther & Son (CHG) has announced it has acquired Cookietree Bakeries (Cookietree), a producer of premium thaw-and-serve cookies, bake-and-serve cookie dough, brownies and scones. Financial terms of the transaction were not disclosed.
Founded in 1981, Cookietree supplies leading quick-service restaurants (QSRs), fast-casual restaurants, club stores and retailers from its state-of-the-art manufacturing facility in Salt Lake City. The business will continue to operate under the Cookietree brand with production out of Cookietree’s existing facility.
Based in San Antonio, CHG, a producer of branded and private-label food products, is owned by PPC Partners along with management and other co-investors. The acquisition grows CHG to more than 3,000 employees in 21 food manufacturing locations in the U.S., Canada and Western Europe.
Greg Schenk, founder and CEO of Cookietree, said, “CHG’s global capabilities, manufacturing expertise and food-safety focus will allow Cookietree to continue providing excellent service to our existing customers while also expanding our business. CHG’s and PPC’s family legacies and commitment to long-term business-building make them both ideal partners for Cookietree.”
Dale Tremblay, CEO of CHG, said, “Greg and his team have built Cookietree into a market leader in the dessert space. Their customer-centric culture and commitment to innovation are well-aligned with our core values. We look forward to leveraging our combined capabilities and providing value for customers for years to come.”
Chris Trick, principal at PPC Partners, added, “CHG is led by an outstanding team with a proven track record of growth, both organically and through acquisition. The acquisition of Cookietree demonstrates PPC’s commitment to CHG and to partnering with industry leaders to deliver innovative products and excellent customer service. We will continue to support CHG and Cookietree as they look to deliver value to their customers.”
Cookietree was advised on the sale by Cody Peak Advisors.