Baltimore salad dressing company in talks to sell to N.J. firm for $4.5M

Tessemae’s, which has been mired in Chapter 11 bankruptcy proceedings for nearly a year, is in talks to be sold to a New Jersey-based consumer packaged goods company for $4.5 million. The Baltimore salad dressing business has a proposed agreement to sell to Panos Brands pending approval from the Maryland bankruptcy court, according to a December motion filed in federal court.