Treehouse Foods, a leading manufacturer and distributor of private label foods and beverages, has announced that it has come to an agreement with Investindustrial to sell a part of its meal preparation business for $950 million. In a statement, Treehouse Foods said the deal was intended to “simplify” its business proceedings and allow it to focus its efforts on other areas. Commenting on the move, Treehouse Foods CEO Steve Oakland, said “This transaction …
Loading tweets...
TreeHouse Foods
North American leading manufacturer and distributor of private label packaged foods and beverages TreeHouse Foods, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The acquisition includes two manufacturing facilities located in Lancaster, Ohio and Sparks, Nevada and a research and development facility in Sauget, Illinois. “This transaction is another important step in our strategic journey to create …
Post, a packaged goods company focused on breakfast foods, has announced that it has agreed to acquire the private label ready-to-eat cereal business of TreeHouse Foods for an undisclosed sum. Post described the acquired unit as a leading private label cereal manufacturer with wide-ranging cereal production capabilities across two facilities, serving a diverse set of customers across retail channels. “The ready-to-eat cereal category represents nearly $9 billion in revenue at …
US-based consumer goods firm B&G Foods has announced the acquisition of the McCann’s Irish Oatmeal brand from TreeHouse Foods, the private label manufacturer, for $32 million in cash. Positioned as a “premium” Irish oatmeal brand, McCann’s is sold across the USA and Canada as a classic traditional steel cut Irish oatmeal “known for the distinctive, nutty flavor of steel cut Irish oats”. TreeHouse Foods first acquired the McCann’s Irish Oatmeal …
Private label manufacturer TreeHouse Foods has announced a further reduction in its production capacity with the closure of a snacks factory in Visalia, CA, USA. The announcement follows the recent decision by the firm to close its breakfast cereal plant in Battle Creek, MI. The Visalia plant closure, which TreeHouse Foods said was “consistent with the August 2017 announcement of TreeHouse 2020, the Company’s restructuring program”, will affect 294 employees. Production of pretzels …
TreeHouse Foods, a maker of private label food and beverages, has announced plans to close the remaining operations at its facility in Battle Creek, MI, USA. TreeHouse Foods first announced plans to downsize the Battle Creek facility in November 2016. Now, after a first phase of downsizing, the company said it had concluded that it would not be economically viable to maintain operations in the facility and has thus announced …
TreeHouse Foods, a maker of private label food and beverages, has revealed plans to downsize its operations by closing facilities in Brooklyn Park, MN and Plymouth, IN, as well as by removing non-peanut packaging operations from its plant at Dothan, AL. The move is set to affect about 375 workers. Own Brands Now reports that the closures follow lower than expected results since TreeHouse Foods’ acquisition of food manufacturer ConAgra’s …
North American packaged food firm ConAgra Foods has confirmed that it is to dispose of its Ralcorp private label operations, having entered into a definitive agreement to sell the unit to TreeHouse Foods. The deal is worth approximately $2.7 billion in cash, excluding transaction-related expenses. Under the terms of the agreement, ConAgra Foods said it would divest the vast majority of its private label operations, including a network of 32 manufacturing facilities in the US, Canada and Italy. The …
Copyright © 2020. Gama. All rights reserved. Privacy Policy | Legal Notice
TreeHouse Foods Archives - Gama