John B. Sanfilippo & Son, Inc. today announced that it has signed a definitive agreement to acquire certain assets, including a private brand manufacturing facility located in Lakeville, Minnesota, and customer relationships, from Treehouse Foods, Inc. relating to its snack bars business unit for approximately $63.0 million dollars in cash, subject to certain adjustments.
TreeHouse Foods, Inc. a Retailer-owned Brand (private label) food and beverage manufacturer in North America, announced its 2030 Environmental, Social & Governance ("ESG") goals, centered around three ESG strategic pillars: Environment & Climate; People & Communities, and Products & Operations. Additionally, the Company published its 2023 disclosures in accordance with the Sustainability Accounting Standards Board
Earlier this week TreeHouse Foods, Inc. reported results for the fourth quarter and full year ended December 31, 2022. Steve Oakland, TreeHouse Foods Chief Executive Officer and President, said, "I'm incredibly proud to have closed out 2022 as a more focused company, operating in faster growing, more profitable categories. Today, we are better positioned
TreeHouse Foods today announced that it has reached a definitive agreement to sell a significant portion of its Meal Preparation business (the "Divested Business") to Investindustrial for $950 million. "Today's announcement reflects the Board of Director's unanimous determination that divesting a significant portion of the Meal Preparation business for $950 million will deliver greater
TreeHouse Foods today reported net sales of $1.14 billion which increased 7.9% compared to the first quarter of 2021. GAAP earnings (loss) per diluted share from continuing operations of $(0.05) compared to $0.01 for the first quarter of 2021. Adjusted earnings per diluted share from continuing operations1 was $(0.15) in the first quarter of 2022 compared
TreeHouse Foods today announced that Joseph E. Scalzo will join its Board of Directors, effective immediately. Mr. Scalzo will join as a Class I director with a term expiring at the 2024 annual meeting of the Company's stockholders. Ann M. Sardini, Chair of the Board, said, "Joe brings to our Board significant operating experience in
Retail Brand (private brand ) manufacturing giant TreeHouse Foods today provided an update on the evaluation of strategic alternatives. After extensive discussion and careful deliberation, and with input from independent legal and financial advisors, the Board has concluded that the focus of its ongoing strategic review will be to continue reshaping TreeHouse by building leadership
Activist investors Jana Partners is set to nominate two directors to the board of private brand food manufacturer TreeHouse Foods Inc. as they continue a strategic review. The New York-based firm, which now owns a 9.4% stake in the manufacturer, has identified two potential directors. Former TreeHouse executive Chris Sliva, who was also chief
Private Brand manufacturer TreeHouse Foods said on Monday during its Third Quarter 2021 Earnings Call that it was “Exploring Strategic Alternatives” including a sale of the company or divestment of a unit, months after hedge-fund activist investor Jana Partners pushed for changes saying the manufacturer was undervalued. TreeHouse Foods reported third-quarter GAAP earnings per
Private Brand manufacturer TreeHouse Foods today announced it has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings, Inc. for a purchase price of $85 million. "This transaction is another important step in our strategic journey to create value for our customers and our shareholders," said Steve Oakland,
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