TreeHouse To Sell Soup and Baby Food Unit to Private Equity Firm
April 30, 2017
Pittsburgh-based unit with sales of $210 million going to newly formed Riverbend Foods.
TreeHouse Foods Inc. announced a definitive agreement to sell its Soup and Infant Feeding (SIF) business to Riverbend Foods LLC, a newly formed portfolio company of Insight Equity, a private equity firm.
The SIF business is based in Pittsburgh and makes private label condensed and ready-to-serve soup, baby food and gravy. Sales were approximately $210 million in 2016.
Financial terms of the sale were not disclosed. The transaction is subject to close in the second or third quarter.
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