Atlas Holdings LLC entered into a definitive agreement to acquire Flagstone Foods, Inc. and Linette Quality Chocolates, Inc. from TreeHouse Foods, Inc. for $90 million.
July 07, 2019
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Atlas Holdings LLC entered into a definitive agreement to acquire Flagstone Foods, Inc. and Linette Quality Chocolates, Inc. from TreeHouse Foods, Inc. (NYSE:THS) for $90 million on July 8, 2019. The purchase consideration is subject to certain post-closing adjustments. The agreement contains various representations, warranties, covenants, indemnification and closing conditions which are customary for a transaction of this nature. The transaction is expected to close in the third quarter of 2019. TreeHouse will provide certain transition services for a period of time following the closing of the sale of the business. TreeHouse anticipates using the purchase price to pay down debt .Willkie Farr & Gallagher LLP acted as legal advisor to Atlas. Winston & Strawn LLP acted as legal advisor TreeHouse Foods, Inc. (NYSE: THS). The Winston team includes Bruce Toth and Matt Stevens, and Eleni Kouimelis, Nyron Persaud and Lou Weber, Laura Franco.
TreeHouse Foods, Inc. is a manufacturer and distributor of private label foods and beverages in North America. The Company's portfolio includes beverage and drink mix offerings, which include non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages, and grocery offerings, which include pickles, refrigerated dough, hot cereal, and cheese and pudding. The Company sells its products to retail, co- manufacturing, and food-away-from-home customers in shelf-stable, refrigerated, and frozen formats. It also offers its customers a range of value and nutritional solutions, including natural, organic, and gluten-free products. It owns pickle branded assets, including Bick's pickles, Habitant pickled beets, Woodman's horseradish and McLarens pickled onion brands. The Company sells its products through various distribution channels, including retailers, food service distributors, co-manufacturers, and industrial and export channels.
Atlas Holdings LLC entered into a definitive agreement to acquire Flagstone Foods, Inc. and Linette Quality Chocolates, Inc. from TreeHouse Foods, Inc. for $90 million.
TREEHOUSE FOODS, INC. 
