TreeHouse Foods, Inc. completed the acquisition of Fermented Food Condiment Brands from The J. M. Smucker Company.
January 01, 2024
Share
TreeHouse Foods, Inc. (NYSE:THS) entered into a definitive agreement to acquire Fermented Food Condiment Brands from The J. M. Smucker Company (NYSE:SJM) for $20 million on October 17, 2023. The all-cash transaction is valued at approximately $20 million, subject to a working capital adjustment. The transaction is anticipated to close in the third quarter of the Company's current fiscal year ending April 30, 2024, subject to customary closing conditions. As of October 17, 2023, the combined asset reported revenue of approximately $60 million for the period ended April 30, 2023.
TreeHouse Foods, Inc. (NYSE:THS) completed the acquisition of Fermented Food Condiment Brands from The J. M. Smucker Company (NYSE:SJM) on January 2, 2024.
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.
TREEHOUSE FOODS, INC. 
