TreeHouse Foods, Inc. - TreeHouse Foods Announces Webcast of Second John Gainor, who was nominated by Jana, brings food industry experience and was most recently the CEO of International Dairy Queen. We look forward to witnessing the future success of Winland Foods under Investindustrial's leadership as we continue to execute our plans for the new TreeHouse.". our sites and services. Subscribe to Food Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Narra Debuts with the Launch of its Modern Asian-Inspired Oat Milk Lattes, Epallet Secures $4.5 Million in Seed Funding to Revolutionize B2B Wholesale Marketplace, Ring Container Technologies Earns Sustainable Packaging Innovation Award from U.S. Plastics Pa, By signing up to receive our newsletter, you agree to our. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Engage and Delight - One Customer at a Time, Platform Leadership in Consumer Trending Categories. The acquisition includes two facilities located in. The level is important because transactions at $92 million or abovemust be reported and cleared by federal antitrust authorities before they can close. The categories to be divested include the following: pasta, pourable and spoonable dressing, preserves, red sauces, syrup, dry blends and baking, dry dinners, pie filling, pita chips and other sauces. Announces Acquisition of Cains Foods. TreeHouse Foods's Competitors, Revenue, Number of Employees - Owler These forward-looking statements and other information are based on our beliefs, as well as assumptions made by us, using information currently available. See here for a complete list of exchanges and delays. Jana Partners, which owns a 9.2% stake in TreeHouse, has been pushing for changes at the private-label food group since last year and nominated two directors to the company's board in December. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The Divested Business is expected to generate 2022 net sales and adjusted EBITDA1 of approximately $1.6 billion and $70 million, respectively. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. After settling, Barry Rosenstein, Jana's managing partner, said in a statement; "We are encouraged by the steps the Company has been taking, including these director additions, and by the ongoing commitment to unlocking stockholder value.". "I want to welcome the newest members of our coffee team," saidSteve Oakland, chairman, CEO and president of TreeHouse Foods. Our purpose is to make high quality food and beverages affordable to all. Longos is a family-operated organization that operates almost 40 stores in communities across the greater Toronto area. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. On Oct 8, TreeHouse . TreeHouse Foods's headquarters is located at 2021 Spring Road, Oak Brook. The company already supplies single-serve coffee pods and ready-to-drink coffees, and has worked with Farmer Brothers Coffee before to supply its bulk ground coffee. TreeHouse Foods, Inc. - Home Jana Partners, a New York-based activist investor with a roughly 7.5% stake in the company, encouraged TreeHouse to launch a strategic review, including a potential sale of the company. April 12 (Reuters) - Packaged food maker TreeHouse Foods Inc (THS.N) said on Tuesday it had appointed Scott Ostfeld, a partner of activist investor Jana Partners LLC, to its board as part of an agreement with the New York-based hedge fund. Who owns TreeHouse Foods? - stockzoa OAK BROOK, Ill., Oct. 3, 2022 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) ("TreeHouse" or "the Company") announced today that it has completed the sale of a significant portion of its Meal Preparation business to Investindustrial for $950 million. All CB Insights profiles for active investment arms of a Fortune 500 company are included. American Italian Pasta Company We do not intend to update these forward-looking statements following the date of this press release. Past performance is a poor indicator of future performance. TreeHouse Foods is included in 1 Expert Collection, including Fortune 500 Investor list. TreeHouse expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, to reflect any change in its expectations with regard thereto, or any other change in events, conditions or circumstances on which any statement is based. TreeHouse Foods, Inc. Announces Acquisition of Naturally Fresh, Inc. Image Ill.-based food manufacturer TreeHouse Foods, Inc. ( THS) is on an acquisition spree and has been expanding into new categories and markets. Such factors include, but are not limited to: risks related to the impact of the ongoing COVID-19 outbreak on our business, suppliers, consumers, customers, and employees; the success of our growth, reinvestment, and restructuring programs; our level of indebtedness and related obligations; disruptions in the financial markets; interest rates; changes in foreign currency exchange rates; customer concentration and consolidation; raw material and commodity costs; competition; loss of key suppliers; disruptions or inefficiencies in our supply chain and/or operations, including from the ongoing COVID-19 outbreak; our ability to continue to make acquisitions and execute on divestitures in accordance with our business strategy or effectively manage the growth from acquisitions; impairment of goodwill or long lived assets; changes and developments affecting our industry, including consumer preferences; the outcome of litigation and regulatory proceedings to which we may be a party; product recalls; changes in laws and regulations applicable to us; shareholder activism; disruptions in or failures of our information technology systems; disruptions resulting from the announcement of the exploration of strategic alternatives; changes in weather conditions, climate changes, and natural disasters; labor strikes or work stoppages; multiemployer pension plans; labor shortages and increased competition for labor; and other risks that are set forth in the Risk Factors section, the Legal Proceedings section, the Management's Discussion and Analysis of Financial Condition and Results of Operations section, and other sections of our Annual Report on Form 10-K for the year ended December 31, 2021, and from time to time in our filings with the Securities and Exchange Commission ("SEC"). An annual subscription is available with a discount. This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. TreeHouse Foods's primary competitors include General Mills, Kellogg's, Conagra Brands and 9 more. Jana previously pushed for change at Pinnacle Foods which was sold to Conagra and at Whole Foods which was sold to Amazon. We are a global manufacturer of private label and branded foods for retail and co-pack customers. Who bought or sold TreeHouse Foods this quarter? Adjusted EBITDA is a performance measure commonly used by management to assess operating performance, and the Company believes they are commonly reported and widely used by investors and other interested parties as a measure of a company's operating performance between periods. Investindustrial has a tremendous track record and significant industry experience that will be critical to supporting the future success of our colleagues in the Meal Preparation business as we create robust opportunities for our Snacking and Beverages team.". Analyze quarterly positions in TreeHouse Foods with up to 7 years of data, all consolidated into one spreadsheet. The live audio webcast and a supporting slide deck will be available on the Company's website atwww.treehousefoods.com/investors/investor-overview/default.aspx. Where Can CPG Play In Cannabis Consumption Lounges? Cains employs approximately 100 people. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. After Post and TreeHouse agreed to scuttle their earlier agreement, the two sides are at it again. Evercore served as financial advisor to TreeHouse and Gibson Dunn served as legal advisor. Simply put, we are the supply chain for our customers' brands. Born and raised in the Toronto area, Longo is active in a variety of organizations including the Italian Chamber of Commerce of Ontario, the OMNI East Advisory Board and the Vanier Institute of the Family. Topics covered: manufacturing, packaging, new products, R&D, and much more. Revenue: $5 to $10 billion (USD) Competitors: Unknown. While Post is well known for brands like Fruity Pebbles or Grape-Nuts, the St. Louis company,as the FTC noted, already has a meaningful presence in private label ready-to-eat cereal. Lazard and Bank of America served as financial advisors to Investindustrial, and Kirkland & Ellis served as legal advisor. Operating results for the categories to be divested will be reported in discontinued operations beginning in the third quarter of 2022. Our continued focus on commercial and operational excellence, people and talent, and driving simplification and growth that have been the hallmarks of our successful efforts to transform TreeHouse will remain as we continue our evolution in line with our strategy. The divested business has been renamed Winland Foods, Inc. "The completion of this sale marks another important milestone for TreeHouse as we simplify our business to improve operational execution and accelerate growth," said Steve Oakland, Chief Executive Officer and President. Now what. TreeHouse Foods, Inc. Announces Acquisition of Cains Foods ET to discuss the results for the second quarter and its outlook for the balance of the year. 94 on The PG 100, Progressive Grocers 2023 list of the top food and consumables retailers in North America . OAK BROOK, Ill., July 6, 2023 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on Monday, August 7, 2023, at 8:30 a.m. We built our software with the goal of making it effortless for associates and stores to meet the needs of shoppers, noted Shamus Hines, CEO of Tampa, Fla.-based Upshop. Find company research, competitor information, contact details & financial data for Treehouse Foods, Inc. of Buckner, KY. Get the latest business insights from Dun & Bradstreet. Centerview provided a fairness opinion to the Board of Directors. Stock Advisor list price is $199 per year. TreeHouse Foods, Inc. , an Oak Brook, Ill.-based manufacturer of private label and products, is broadening its canopy. CBI websites generally use certain cookies to enable better interactions with our sites and services. In her latest position, Daniels will continue to bolster the associations event portfolio and provide conference programming. During the shareholders meeting, she said, I will dedicate my 20 years of CFO experience in various industries, my passion, time and high level of energy to the company and its strategy, with a keen eye on people, sustainability and innovation. TreeHouse Foods - Wikipedia The grocer is No. Working at TreeHouse Foods | Glassdoor What is TreeHouse Foods's latest funding round? Festival Foods employs more than 8,000 full- and part-time associates at 40 full-service supermarkets across the state of Wisconsin. Across our diverse portfolio, we offer better-for-you, natural and organic products and hold a private label leadership position across many of our categories. Exclusive news, data and analytics for financial market professionals, Reporting by Deborah Sophia in Bengaluru; Editing by Maju Samuel, Shearman real estate finance partner is latest exit as merger looms, Corporate attorneys dont want to pay law firms for ChatGPT whenthey could use it themselves, How litigation funding drives progress in the ESG agenda, US judge facing competency probe asks court to block her suspension, Insurers reviewing Black Sea ship cover after Russia suspension, Analysis: Crypto firms facing US SEC charges find hope in Ripple ruling, experts say, United Airlines pilots reach labor agreement, boost pay, UPS strike could be costliest in US in a century, study says. With Adams exceptional expertise in e-learning and community building and Daniels invaluable experience within our organization, we are confident in their ability to lead the education department to new horizons. In their new roles, they will each focus on expanding e-learning offerings to better meet member needs via new and existing formats, develop the program for the 2024 FMI Midwinter Executive Conference , and oversee additional live meetings. Image Sturm Foods, a Treehouse Foods company, is a leading manufacturer of private label products for both retail and food service industries. Exclusive news, data and analytics for financial market professionals, Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta, Warner Bros defends 'Barbie' film's world map as 'child-like', Fendi takes contemporary haute couture lineup to Palais Brongniart in Paris, Maison Sara Chraibi shows geometric patterns in haute couture lineup in Paris, Ice cream inspired by Thai temple tiles cools admiring tourists, Spain's entombed 'Ivory Lady' reveals leadership role of women in antiquity. Our mission is to create value as our customers' preferred manufacturing and distribution partner, providing thought leadership, superior innovation, and a relentless focus on execution. We hope youll consider being a part of our future. Across many of our categories, we offer our customer partners a range of value and nutritional solutions, including organic and gluten free, so that they can meet the unique needs of their consumers. The transaction is expected to have a neutral impact on TreeHouse's earnings in 2013, but is expected to positively impact 2014 earnings by approximately $0.05 per share. The pasta deal in many ways mirrors what's happening here in cereal. TreeHouse Foods is selling its snacks division to private investment firm Atlas Holdings for $90 million, according to a release . Eric has over three decades of turning around underperforming businesses and building fiscally-accountable organizations. We operate in 18 product categories and have 26 manufacturing facilities across North America. Island Pacific Supermarket Names Chief Marketing Officer, Kraft Heinz Debuts New Canadian Headquarters, Consumer Private Placement and M&A Transactions Review Week Ending July 2, 2023, FMI Names 2 Directors in Education Department, TreeHouse Foods Announces Webcast of Second Quarter 2023 Earnings Conference Call. Previously, she served as the company's director of private brands, culinary innovation, and central kitchen. The words "believe," "estimate," "project," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," and similar expressions, as they relate to us, are intended to identify forward-looking statements. Private label presents an opportunity to address and satisfy emerging consumer needs. Such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this press release and other public statements we make. Every product we . Promote your product offering to tech buyers. OAK BROOK, Ill., April 12, 2022 /PRNewswire/ -- TreeHouse Foods, Inc. ("TreeHouse Foods" or the "Company") (NYSE: THS) today announced the appointment of Scott Ostfeld, Partner of JANA Partners LLC and Co-Portfolio Manager of its engaged investing strategy JANA Strategic Investments, to the TreeHouse Foods Board of Directors. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. We do not intend to update these forward-looking statements following the date of this press release. acquired the ready-to-eat cereal business of TreeHouse Foods for $85 million, because of antitrust concerns. The transaction is expected to close in the fourth quarter of 2022 and is subject to customary closing conditions and regulatory approvals. Moreover, we have assembled a team of experts who understand how to drive adoption in-store. Our Standards: The Thomson Reuters Trust Principles. [2] [3] [4] Created in 2005 [5] and consisting entirely of acquisitions, [5] in 2010 the company had sales of $2 billion [5] and employed over 4,000 people at 20 facilities. Her exceptional background in strategic brand building, proven track record in the CPG industry, and passion for our mission make her the ideal leader to propel our marketing efforts forward. TreeHouse Foods, Inc. We operate in 29 product categories across two divisions and have approximately 40 production facilities across North America and Italy. View original content:https://www.prnewswire.com/news-releases/treehouse-foods-announces-sale-of-significant-portion-of-its-meal-preparation-business-to-investindustrial-for-950-million-301604071.html, TREEHOUSE FOODS ANNOUNCES SALE OF SIGNIFICANT PORTION OF ITS MEAL PREPARATION BUSINESS TO INVESTINDUSTRIAL FOR $950 MILLION, www.treehousefoods.com/investors/investor-overview/default.aspx, https://www.prnewswire.com/news-releases/treehouse-foods-announces-sale-of-significant-portion-of-its-meal-preparation-business-to-investindustrial-for-950-million-301604071.html. UPDATE: June 2, 2021: The story has been updated with additional context on the terms of the deal provided by TreeHouse Foods. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. The industry leader for online information for tax, accounting and finance professionals. Poots-Bijl (pictured) joins Ahold Delhaize from offshore construction company Van Oord, where she has been CFO since 2016. The FTC said the acquisition would give Post more than 60%share of a food segment that is "already highly concentrated and eliminate the vigorous competition between them." 1 Adjusted EBITDA is a non-GAAP financial measure. The transaction consists of approximately $530 million in cash at closing and approximately $420 million in senior secured debt to be provided by TreeHouse. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Adjusted EBITDA is likely to be in the $345-$365 million range, up about 24% year over . OAK BROOK, IL TreeHouse Foods announced Thursday that it has signed a definitive agreement to acquire the majority of the U.S. branded pasta portfolio of Riviana Foods, a subsidiary of Ebro, for $242.5 million in cash. Calculated by Time-Weighted Return since 2002. Treehouse Brewery currently has two physical locations: their main spot in Charlton, Massachusetts, and a tasting room in Sturbridge, Massachusetts. Attractive Valuation of 13.6x 2022E Adjusted EBITDA, Simplifies Business, Enables Greater Management Focus and Improves Consistency of Execution, Creates More Concentrated Higher Growth, Higher Margin Private Label Snacking and Beverage Business, TreeHouse to Host Conference Call at 8:30 AM ET on August 11, 2022. CBI websites generally use certain cookies to enable better interactions with. Cravenwill lead the companys day-to-day business and ongoing growth strategy while overseeing nearly 6,000 employees. City of Industry, Calif.-based Island Pacific Supermarket offers a wide selection of authentic Filipino food products and a diverse range of groceries to the Filipino-American community and beyond at 18 locations across California and Nevada. He sees the growth opportunities that others have . All quotes delayed a minimum of 15 minutes. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or intended. This press release contains "forward-looking statements." TreeHouse Buys Associated Brands. Learn More. The Company is not able to reconcile prospective adjusted EBITDA to the most comparable GAAP financial measure without unreasonable effort due to the inherent uncertainty and difficulty of predicting the occurrence, financial impact, and timing of certain items impacting GAAP results. TreeHouse believes it is the largest manufacturer of pickles and non-dairy powdered creamer in the United States and the largest manufacturer of private label salad dressings, powdered drink mixes and instant hot cereals in the United States and Canada based on sales volume. TreeHouse Foods Nixes Company Sale, but May Divest Segments Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It also shared growth targets for 2024 to 2027, including a goal of 3-5% revenue growth and an 8-10% adjusted EBITDA growth. TreeHouse Foods Completes the Acquisition of ConAgra's Private Brands In announcing its opposition to the first deal in 2019, the FTC said Post and TreeHouse were two of only three significant manufacturers and distributors of private label ready-to-eat cereal in the U.S. The company is headquartered in Oakbrook, Illinois. Seneca Foods is a Food & Beverages/Meat, fish & seafood company based in Marion, New York. 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