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Slide #36. TreeHouse Foods, Inc. — Associated Brands
TreeHouse Foods, Inc. (NYSE:THS)
TreeHouse Foods, Inc. (NYSE: THS) today reported its completion of the previously announced acquisition of Associated Brands, a leading private label manufacturer of powdered drinks, specialty teas and sweeteners from TorQuest Partners and other shareholders. Associated Brands had sales of approximately $200 million for the twelve months ended June 30, 2013. TreeHouse paid CAD $187 million (approximately US $180 million) in cash for the business, subject to an adjustment for working capital.
TreeHouse Foods is a consumer packaged food and beverage manufacturer operating across the United States, Canada, and Italy. Co.'s reportable segments are: Baked Goods, which sells bars, candy, cookies, crackers; in-store bakery products, pita chips, pretzels, refrigerated dough, and retail griddle waffles, pancakes, and French toast; Beverages, which sells broths, liquid non-dairy creamer, non-dairy powdered creamers, powdered drinks, ready-to-drink coffee, single serve hot beverages, teas, and sweeteners; and Meal Solutions, which sells aseptic cheese and pudding products, baking and mix powders, hot cereals, pasta, and skillet dinners, among others.
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Buy (2.75 out of 4)