Matt's Cookies in Wheeling has new owner

City Capital Ventures LLC, a private investment partnership in Chicago, said Friday it has acquired Wheeling-based Cookie Specialties Inc., makers of Matt's Cookies.

Financial terms were not disclosed.

As part of the transaction, the company was renamed Matt's Cookie Company. And Mike Halverson became the new CEO.

"I've enjoyed Matt's Cookies for years and was thrilled to have the opportunity to collaborate with the Pierce family. Matt's all-natural cookies and fig bars are exactly what consumers and retailers are looking for today," Halverson said. "With over a quarter-pound of real chocolate chips in every bag, Matt's offers consumers a tremendous value. And I've learned that just 15 seconds in the microwave and a Matt's cookie tastes just like they've come out of the oven."

It is unclear how the deal would affect the workforce or the facilities.

Founded in 1972 by Grant Pierce and operated as a family owned business under the leadership of his sons, Blake and Matt Pierce, Matt's Cookies became a beloved brand that is well-known as a manufacturer and marketer of all-natural, soft baked cookies and fig bars.

Calls to Cookie Specialties were not immediately returned.