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September 5, 2018

TNT Crust brings in new chief executive following Peak Rock Capital takeover

US-based pizza crust maker TNT Crust has appointed Scott McNair as chief executive and has also brought in a new CFO following the sale of the business to private-equity firm Peak Rock Capital.

US-based pizza crust maker TNT Crust has appointed Scott McNair as chief executive and has also brought in a new CFO following the sale of the business to private-equity firm Peak Rock Capital.

McNair has been an executive within the food industry for more than 30 years. He has previously served as president and CEO of MaMa Rosa’s Pizza and leadership roles at Schwan’s and Tyson Foods. Tyson sold TNT to Peak Rock in August.

Meanwhile, John Holland has been named chief financial officer of TNT, which is located in Green Bay, Wisconsin. He previously held CFO and COO roles at Aryzta’s pizza division, Great Kitchens and Cousins Foods. 

A former general manager of TNT from 1991 to 2016, Kent Reschke, has also rejoined the firm in the same position to oversee operations at the Green Bay site.

Founded in 1981, TNT manufactures partially-baked flatbreads and other pizza crusts for foodservice outlets and retailers.

The purchase by Peak Rock rounds off a number of other acquisitions within the food and beverage sector. The private-equity firm said it now owns honey producer Sweet Harvest Foods and Berner Food and Beverage, which manufactures dairy-based snacks and beverages, along with speciality and organic bakery business Gold Coast Bakeries.

Confirming the completion of the deal with US meat giant Tyson, Peak Rock’s chief executive Anthony DiSimone said: “This transaction is another example of Peak Rock’s deep experience in executing complex carve-out transactions. It also highlights our continued interest in attractive investments in the food and beverage industry. We believe that TNT represents an excellent platform for growth and we will actively pursue both organic initiatives as well as accretive add-on acquisitions.” 

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