TreeHouse Foods

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TreeHouse Foods, Incorporated
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.[1][2][3] Created in 2005[4] and consisting entirely of acquisitions,[4] in 2010 the company had sales of $2 billion[4] and employed over 4000 people at 20 facilities.[4] Food Processing magazine named them their 2010 Processor of the Year,[4] calling them "the biggest company you never heard of."[4][5] The company is a component of the S&P 600[6] and in 2014 was the 46th-largest food and beverage company in North America.[7]

History

In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc.[8] In June of that year, TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS.[8]

Michelle Obama was a member of the board of directors from 2005 - 2007.[9] Terdema Ussery, president and CEO of the National Basketball Association’s Dallas Mavericks, serves on the board of directors.[10]

Acquisitions and subsidiaries

  • 2006: Acquired the soup business of Del Monte Foods Company.[11]
  • 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[11]
  • 2010: Acquired Sturm Foods and S.T. Specialty Foods[11]
  • 2013: Acquired Naturally Fresh, Inc., Cains Foods,[12][13] and Associated Brands[8][14]
  • 2014: Made a bid to acquire Michael Foods Group Inc[15][16]
  • 2014: Acquired Flagstone Foods for $860 million.[17][18][19]
  • In April 2014, TreeHouse acquired private-label soup and gravy maker Protenergy Natural Foods from Whitecastle Investments.[20]
  • 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.[21] The company said the acquisition would push its annual turnover towards $3.5 billion.[22]
  • In November 2015, TreeHouse agreed to purchase ConAgra Foods' private brand business (known as Ralcorp) for $2.7B.[23]

Business model

The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S.[24] It services both the retail grocery[9] and the foodservice distribution channels.[25][26] In addition to private brand non-dairy creamers, single-serving coffee pods,[27][28] baby foods, salad dressings, marinades, dips, soups,[29] sauces, dry mix pasta dinners, jams, spreads, and cereals[16] the company also maintains several brand name products including McCann's Steel Cut Irish Oatmeal, Cremora[1] non-dairy coffee lightener, Second Nature egg substitutes, and Nature's Goodness baby foods.[4]

References

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  8. ↑ 8.0 8.1 8.2 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ 11.0 11.1 11.2 Lua error in package.lua at line 80: module 'strict' not found.
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  16. ↑ 16.0 16.1 Lua error in package.lua at line 80: module 'strict' not found.
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  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ http://finance.yahoo.com/news/conagra-sell-private-brands-business-123731091.html
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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