Rich Products recently acquired two of TreeHouse Foods’ bakery facilities, located in Fridley, Minnesota, and Lodi, California, respectively. These two plants manufacture breads, rolls, and cakes for in-store retail bakeries and foodservice customers. Subject to customary closing conditions, the transaction is expected to close by April 10, 2020.
"The facilities we are acquiring from TreeHouse enhance our current dessert and bakery product portfolios and align well with our long-term growth strategies," said Ray Burke, President and Chief Operating Officer, Rich's U.S. - Canada region. "These added capabilities will also allow us to provide greater fully-finished and artisan product options, which are in high demand among our customers."
According to a press release, TreeHouse acquired the in-store bakery business from Conagra Brands as part of its Private Brands transaction in 2016. Approximately 338 hourly and 45 salaried employees will transition from TreeHouse Foods to Rich Products. Both companies are committed to a smooth transition for employees, customers, and consumers.
"The sale of the Fridley and Lodi facilities allows us to sharpen our focus at TreeHouse, and importantly, creates an opportunity for these plants to thrive under Rich Products' ownership," said Steve Oakland, CEO and President of TreeHouse Foods. "We continue to be committed to delivering great customer service within the in-store bakery category through our frosted sugar cookies and Lofthouse branded business."
For the latest in sales, acquisitions, and more, keep reading Deli Market News.
