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Slide #89. TreeHouse Foods, Inc. — Aseptic Cheese and Pudding Business from Associated Milk Producers Inc.
TreeHouse Foods, Inc. (NYSE:THS)
Aseptic Cheese and Pudding Business from Associated Milk Producers Inc.
TreeHouse Foods, Inc. announced today that it has completed the acquisition of the assets of the Aseptic Cheese and Pudding business from Associated Milk Producers Inc. ("AMPI"), a dairy marketing cooperative based in New Ulm, Minnesota. Terms of the transaction were not disclosed, but are not expected to have a material effect on TreeHouse's results. The business sells products to foodservice and retail customers, and will be integrated into the Company's existing Bay Valley Foods aseptic operation which also produces cheese and pudding products primarily for its Food Away From Home segment.
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)