TreeHouse Foods To Acquire Associated Brands

Private label powerhouse TreeHouse Foods Inc., Oak Brook, Ill., on Aug. 8 announced an agreement to acquire Associated Brands GP Corp., a private label manufacturer of powdered drinks, specialty teas and sweeteners. TreeHouse has agreed to pay C$187 million cash (approximately US $180 million) to owner TorQuest Partners LLC and other shareholders.

With approximately 650 employees, Associated Brands is headquartered in Mississauga, Ontario, and operates three production facilities in Delta, British Columbia; Medina, New York; and Toronto. Associated Brands had sales of approximately $200 million for the 12 months ended June 30. Following the acquisition, TreeHouse will have pro forma 2013 sales of approximately $2.5 billion.

The acquisition will strengthen TreeHouse's retail presence in private label dry grocery and will introduce a line of specialty tea products to complement its fast growing single serve coffee business.

The transaction is expected to close in the third quarter of 2013.

More News:

All news »

What are your comments?

You cannot post comments until you have logged in. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments