TreeHouse Foods, Inc.

The company said distribution exits in its coffee and in-store bakery categories, as well as the restart of one of TreeHouse’s broth facilities negatively impacted sales figures.

Company officials said the private label products supplier is positioned for growth in the year ahead.

Previously announced in October, the agreement expands TreeHouse's presence in several pickled foods categories and horseradish.

The company is adding Cinnamon Churro Peanuts and Salted Caramel Macadamia Nuts to its kettle glazed assortment.

Higher prices and recent acquisitions were cited as key factors driving the company's quarterly revenue bump.

The deal provides SVB with an opportunity to enhance its product portfolio and expand its food industry presence.

The Lifetime Achievement honoree is credited by colleagues as being a mentor and for imparting her knowledge of the competitive private label landscape.

The deal valued at $20 million includes a quartet of products that includes pickles and horseradish.