At the start of September, TreeHouse Foods revealed a strategic move to bolster its plan to become a focused leader in high-growth and high-margin categories. Now, the specialty name has announced the official close of the sale of its Lakeville, Minnesota, manufacturing facility and snack bars business to John B. Sanfilippo & Son for $61 million.
The Lakeville manufacturing facility produces a range of private-label snack bar products, including fruit and grain, chewy, crunchy, and protein bars. According to a release, the facility has been part of the TreeHouse Foods network since the company's acquisition of the Private Brands business in 2016.
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.
With this deal in the books, what will be TreeHouse’s next growth play? Only time and Deli Market News will tell, so keep reading.