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InvestIndustrial to acquire TreeHouse Foods in $2.9bn deal
InvestIndustrial has signed an agreement to acquire TreeHouse Foods in an all-cash transaction for a total enterprise value of $2.9 billion.
Treehouse Foods cuts 150 jobs as part of planned operational changes
Treehouse Foods, a US-based private label food and beverage manufacturer, has announced that it is implementing planned changes to drive greater operational efficiency and save costs.
TreeHouse Foods completes acquisition of Harris Tea for $205m
TreeHouse Foods has finalised its acquisition of Harris Tea for approximately $205m, marking its position in the private label tea market.
TreeHouse Foods acquires private tea company for $205m
TreeHouse Foods has agreed to acquire private brand tea business operations of Harris Freeman & Co (Harris Tea) for $205 million.
TreeHouse Foods is a manufacturer and distributor of private-label packaged foods and beverages in North America, with more than 40 production facilities across the US, Canada and Italy as well as a vision to be “the undisputed solutions leader” for custom retail brands. Its product portfolio includes shelf-stable, refrigerated, frozen and fresh products including baked goods, beverages, meal solutions and healthy snacks.
The company was formed in 2005 and has built up its business solely on the back of acquisitions, purchasing the likes of Protenergy Natural Foods, Naturally Fresh, ST Specialty Foods, and Cains Foods. Its biggest acquisition came in 2015, when it acquired the private-label business of Conagra for $2.7 billion. Based in the Chicago suburbs, TreeHouse’s business today represents total revenues in excess of $6 billion a year.
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