TreeHouse Closes Sale of Snack Bars Business

TreeHouse Foods has completed the sale of its Lakeville, Minn., manufacturing facility and snack bars business to John B. Sanfilippo & Son, Inc. for approximately $61 million in cash.

The Lakeville plant produces a range of private label snack bar products including fruit and grain, chewy, crunchy and protein bars. The facility had been part of the TreeHouse Foods network since the company's acquisition of the Private Brands business in 2016.

Within the terms of the transaction, the private label snack bars business; the manufacturing facility; customer relationships; and approximately 400 Lakeville-based employees have transitioned to John B. Sanfilippo & Son, Inc.

The deal between the two private label manufacturers was announced in early September and is worth approximately $63 million in cash. The acquisition of the assets by John B. Sanfilippo & Son is anticipated to add approximately $105 to $120 million in incremental net sales during the remainder of the company’s 2024 fiscal year.

“This acquisition significantly accelerates our strategy within the growing snack bar category and diversifies our product offerings,” said Jeffrey T. Sanfilippo, CEO of John B. Sanfilippo & Son. “We will be able to offer our private label customers a complete portfolio of snack bars, including fruit and grain, crunchy, protein, sweet and salty and chewy bars that complement our internally developed nutrition bars.”