TreeHouse Foods will be saying goodbye to its St. Louis, Missouri, office come June 28, the company just revealed. The move is a continuation of its previously announced TreeHouse 2020 multi-year restructuring program—an effort to reduce the company’s cost structure, shrink its administrative footprint, and realign its strategy for the future.
"We appreciate the contributions that the employees at the St. Louis location have made over time. Our decision to close St. Louis was not taken lightly, and we are committed to providing employee assistance through this challenging transition," said Steve Oakland, CEO and President. "As we streamline our organization into four divisions (from five) and build our commercial excellence capabilities, it is both prudent and strategic that we also consolidate our administrative locations."
According to a press release, Treehouse’s decision will affect around 170 employees, though the company plans to provide separation pay and outplacement assistance. The functions of the closing St. Louis office will be consolidated into the company's existing facilities in Oak Brook, Illinois. The company expects the cost of the closure to come to approximately $7.8 million (or $0.10 per share).
Deli Market News will continue to bring you the latest news from the specialty food sector as the industry continues to restructure and consolidate. Stay tuned for more.