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Slide #53. TreeHouse Foods — Associated Brands GP Corporation
TreeHouse Foods (NYSE:THS)
Associated Brands GP Corporation
TreeHouse Foods, Inc. (NYSE: THS) announced today that it has entered into an agreement with TorQuest Partners LLC and other shareholders to acquire Associated Brands GP Corporation (Associated Brands), a leading private label manufacturer of powdered drinks, specialty teas and sweeteners. TreeHouse has agreed to pay 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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Strong Buy (3.56 out of 4)
(ranked higher than approx. 67% of all stocks covered)
Based on Zacks ABR data;
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