TreeHouse Foods completes acquisition of ConAgra's private brand business
TreeHouse Foods, Oak Brook, Ill., said it completed its $2.7 billion acquisition of the private brand operations of Omaha, Neb.-based ConAgra Foods Inc.
TreeHouse Foods said the acquisition will meaningfully expand its presence in private label dry and refrigerated grocery and that the acquired operations now will be called TreeHouse Private Brands. Bay Valley Foods (with Flagstone Foods) and TreeHouse Private Brands will be the operating platforms of TreeHouse Foods Inc. Following the Private Brands acquisition, TreeHouse Food Inc. has pro forma sales of approximately $7 billion for the 12 months ended Dec. 31, 2015, more than 50 manufacturing facilities and more than 16,000 employees.
"We are pleased to have closed the acquisition, and will continue to focus on driving shareholder value and offering our customers value without compromise through economies of scale, quality products and superior customer service," said Sam Reed, chairman, president and CEO of TreeHouse Foods. "The private brands acquisition broadens our portfolio of offerings for our customers.
"We remain unwaveringly committed to supporting our customers' efforts to build their corporate brands and offer consumers the best combination of choice and value," he added. "We are looking forward to working as one go-to-market team to achieve success and will work tirelessly to develop the systems and infrastructure to deliver a seamless integration."