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Slide #6. TreeHouse Foods — Protenergy Natural Foods
TreeHouse Foods (NYSE:THS)
Protenergy Natural Foods
TreeHouse Foods, Inc. (NYSE: THS) today announced that it will acquire Protenergy Natural Foods, an industry leading developer and manufacturer of premium quality food and beverage products, namely private label broth, soups and gravies. TreeHouse has agreed to pay Whitecastle Investments Limited, Whitecap Venture Partners and others CAD $170 million (approximately US $150 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)