TreeHouse Foods: plans to close Omaha Office

Oak Brook / IL. (thf) TreeHouse Foods Inc. announced that it plans to close its office in Omaha, Nebraska by January 31, 2019. The decision to close the Omaha office is part of the Company’s previously announced TreeHouse 2020 multi-year restructuring program to reduce its cost structure through simplification and to align the operations with the current and future needs of the business.

«The decision to close the Omaha office was a difficult one, and we are committed to assisting employees through this difficult transition», said Steve Oakland, CEO and President of TreeHouse Foods. «As we streamline our enterprise resource planning systems and near the completion of SAP order-to-cash conversions, it makes a great deal of strategic and financial sense to leverage our shared services capabilities across the Company».

The Omaha office closure will affect approximately 200 employees. The related work content will be consolidated into the Company’s existing facilities in Green Bay, Wisconsin, and Oak Brook, Illinois. TreeHouse is committed to a smooth transition and will provide affected employees with separation pay and outplacement assistance. Costs associated with the office closure are expected to be incurred primarily over the next three quarters, and will total approximately USD 6 million (or USD 0.08 per share), most of which is anticipated to be in cash.

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