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TreeHouse Foods Closes 61M-Dollar Transaction

TreeHouse Foods Closes 61M-Dollar Transaction


OAK BROOK, IL
Monday, October 2nd, 2023

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.

TreeHouse Foods revealed a strategic move to bolster its plan to become a focused leader in high-growth and high-margin categories, announcing the official sale of its Lakeville, Minnesota, manufacturing facility and snack bars businessWithin 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.

TreeHouse Foods
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