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,
TreeHouse Foods announced this week an agreement with JANA Partners LLC, which owns approximately 7.4% of the outstanding shares of TreeHouse's common stock, pursuant to which TreeHouse will appoint to its Board of Directors, effective March 2, 2021, two new independent directors: John P. Gainor Jr. and Kenneth I. Tuchman. Gary D. Smith, Chairman of the Board
Late last week TreeHouse Foods announced the appointment of two independent directors to its Board: Jill Rahman, an accomplished senior leader with deep consumer packaged goods strategy, marketing, and operating experience; and Ashley Buchanan, an accomplished retail executive leader, with expertise in merchandising and private brands. Gary D. Smith, Chairman of the Board, TreeHouse Foods
TreeHouse Foods announced today that it has published its 2020 Environmental, Social & Governance (ESG) Report, which builds on the private brand manufacturer's previous Sustainability reports, and highlights their accomplishments and the ways in which it is enabling progress and sustainable growth in the communities it serves. The report also addresses TreeHouse's goals for the
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