Oak Brook / IL. (thf) TreeHouse Foods Inc. (THF) announced that it has completed the sale of its Lakeville (Minnesota) manufacturing facility and snack bars business to John B. Sanfilippo + Son Inc. for approximately USD 61 million in cash. The Lakeville manufacturing facility produces a range of private label snack bar products including fruit and grain, chewy, crunchy and protein bars. The facility had been part of the TreeHouse Foods network since the company’s acquisition of the Private Brands business in 2016. The snack bars business was not expected to contribute positive adjusted EBITDA in fiscal year 2023. Within the terms of the transaction, the private label snack bars business; Lakeville, MN, manufacturing facility; customer relationships; and approximately 400 Lakeville-based employees have transitioned to John B. Sanfilippo + Son Inc.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Caseys: Agrees to Acquire 198 CEFCO Convenience Stores
- Albertsons Companies: Reports Q1 Fiscal 2024 Results
- Insomnia Cookies: sets course for accelerated growth
- Kesko Group: Announces H1-2024 Financial Results
- Idak Food Group: gets new majority shareholder
- Regal Food Group: Expands Chilled Desserts Sector
- Legacy Bakehouse: Acquires Assets of Angelic Bakehouse
- Idak Food Group: Margherita SRL made strategic investment
- Regal Food: Acquires Bradford Warehouse Facility
- Zabka Group: opens first »Froo« stores in Romania
- Goodfood: Reports Third Quarter 2024 Results
- Greggs: announces new National Distribution Centre
- Greencore: announces H1-2024 trading update
- Orkla ASA: reports strong profit improvement in Q2-2024
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas