TreeHouse Foods

TreeHouse Foods, Incorporated

File:TreeHouse Foods logo.jpg
Type	Public
Traded as	NYSE: THS S&P 400 component
Industry	grocery product manufacturer
Founded	2005
Headquarters	Oak Brook, Illinois, USA
Products	private label grocery products
Revenue	$2.9 billion USD (2014)
Number of employees	7000 (approximate)
Website	http://www.treehousefoods.com

TreeHouse Foods, located in Oak Brook, Illinois, is a multinational food processing company specializing in producing private label packaged foods. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4000 people at 20 facilities. Food Processing magazine named them their 2010 Processor of the Year, calling them "the biggest company you never heard of." The company is a component of the S&P 600 and in 2014 was the 46th-largest food and beverage company in North America.

History

In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc. In June of that year, TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS.

Michelle Obama was a member of the board of directors from 2005 - 2007. Terdema Ussery, president and CEO of the National Basketball Association’s Dallas Mavericks, serves on the board of directors.

Acquisitions and subsidiaries

• 2006: Acquired the soup business of Del Monte Foods Company.
• 2007: Acquired the salsa and picante business of San Antonio Farms, acquired jam, jelly, syrup and pie-filling (both brand name and private-label) producer E.D. Smith, founded by the Canadian politician E.D. Smith
• 2010: Acquired Sturm Foods and S.T. Specialty Foods
• 2013: Acquired Naturally Fresh, Inc., Cains Foods, and Associated Brands
• 2014: Made a bid to acquire Michael Foods Group Inc
• 2014: Acquired Flagstone Foods for $860 million.
• In April 2014, TreeHouse acquired private-label soup and gravy maker Protenergy Natural Foods from Whitecastle Investments.
• In June 2014, TreeHouse announced that it was buying Minnesota-based Flagstone Foods for $860 million as a way to gain access to the growing healthy snacks category. The company said the acquisition would push its annual turnover towards $3.5 billion.
• In November 2015, TreeHouse agreed to purchase ConAgra Foods' private brand business (known as Ralcorp) for $2.7B.

Business model

The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S. It services both the retail grocery and the foodservice distribution channels. In addition to private brand non-dairy creamers, single-serving coffee pods, baby foods, salad dressings, marinades, dips, soups, sauces, dry mix pasta dinners, jams, spreads, and cereals the company also maintains several brand name products including McCann's Steel Cut Irish Oatmeal, Cremora non-dairy coffee lightener, Second Nature egg substitutes, and Nature's Goodness baby foods.

External links

• Official website

• http://finance.yahoo.com/news/conagra-sell-private-brands-business-123731091.html