TreeHouse Foods Closes on the Sale of Snack Bar Biz, Minnesota Plant
TreeHouse Foods Inc. has completed the sale of its snack bars business and Lakeville, Minn., processing plant to John B. Sanfilippo & Son Inc. for approximately $61 million in cash, according to a release.
The transaction was announced in early September. The Lakeville facility produces a variety of private-label snack bar products, including fruit and grain, chewy, crunchy and protein bars. TreeHouse Foods acquired the plant as part of the purchase of the Conagra private-label business in 2016. TreeHouse Foods says the snack bars business was not expected to contribute positive adjusted EBITDA in 2023.
The Lakeville facility’s approximately 400 employees have transitioned to John B. Sanfilippo & Son Inc. employment.
About the Author
Andy Hanacek
Senior Editor
Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.