TreeHouse Foods

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TreeHouse Foods, Incorporated
Type Public
Traded as NYSETHS
S&P 600 component
Industry grocery product manufacturer
Founded 2005
Headquarters Oak Brook, Illinois, USA
Products private label grocery products
Revenue $2 billion USD (2010)
Employees 4000 (approximate)
Website http://www.treehousefoods.com

TreeHouse Foods, located in Oak Brook, Illinois, is a multinational food processing company specializing in producing private label packaged foods.[1][2][3] Created in 2005[4] and consisting entirely of acquisitions,[4] in 2010 the company had sales of 2 billion[4] and employed over 4000 people at 20 facilities.[4] Food Processing Magazine named them their 2010 Processor of the Year,[4] calling them "the biggest company you never heard of."[4][5] The company is a component of the S&P 600[6] and in 2014 was the 46th largest food and beverage company in North America.[7]

History[edit]

In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc.[8] In June of that year, TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS.[8]

Michelle Obama was a member of the board of directors from 2005 - 2007.[9] Terdema Ussery, president and CEO of the National Basketball Association’s Dallas Mavericks, serves on the board of directors.[10]

Acquisitions and Subsidiaries[edit]

2006[edit]

Acquired the soup business of Del Monte Foods Company.[11]

2007[edit]

Acquired the salsa and picante business of San Antonio Farms. Acquired jam, jelly, syrup and pie-filling (both brand name and private-label) producer E.D. Smith, founded by the Canadian politician E.D. Smith.[11]

2010[edit]

Acquired Sturm Foods and S.T. Specialty Foods.[11]

2013[edit]

Acquired Naturally Fresh, Inc., Cains Foods,[12][13] and Associated Brands.[8][14]

2014[edit]

Made a bid to acquire Michael Foods Group Inc.[15][16] and one to acquire Flagstone Foods.[17]

In April 2014 TreeHouse acquired private-label soup and gravy maker Protenergy Natural Foods from Whitecastle Investments.[18]

In June 2014, TreeHouse announced that it was buying Minnesota-based Flagstone Foods for $860 million as a way to gain access to the growing healthy snacks category.[19] The company said the acquisition would push its annual turnover towards $3.5 billion.[20]

Business Model[edit]

The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S.[21] It services both the retail grocery[9] and the foodservice distribution channels.[22][23] In addition to private brand non-dairy creamers, single-serving coffee pods,[24][25] baby foods, salad dressings, marinades, dips, soups,[26] sauces, dry mix pasta dinners, jams, spreads, and cereals[16] the company also maintains several brand name products including McCann's Steel Cut Irish Oatmeal, Cremora[1] non-dairy coffee lightener, Second Nature egg substitutes, and Nature's Goodness baby foods.[4]

References[edit]

  1. ^ a b "Behind the Brand: TreeHouse Foods". Seattle Times. Retrieved 31 March 2014. 
  2. ^ Hargrave, Marshall. "There Is Money To Be Made In Store Brand Foods". Motley Fool. Retrieved 31 March 2014. 
  3. ^ Watson, Elaine. "TreeHouse Foods cashes in as consumers opt for premium private label single-serve coffee, tea". Food Navigator. Retrieved 31 March 2014. 
  4. ^ a b c d e f g Fusaro, Dave. "2010 Processor of the Year: Treehouse Foods". Food Processing. Retrieved 31 March 2014. 
  5. ^ Thain, Greg (2012). Store Wars: The Worldwide Battle for Mindspace and Shelfspace. Wiley. ISBN 978-1-118-37406-1. 
  6. ^ "TreeHouse Foods, Inc. Company Profile". Hoovers. Retrieved 31 March 2014. 
  7. ^ "Food Processing's Top 100". Food Processing. Retrieved 31 March 2014. 
  8. ^ a b c "History". TreeHouse Foods. Retrieved 31 March 2014. 
  9. ^ a b Parker, Jennifer. "Michelle Obama Cuts Ties with Controversial Wal-Mart Supplier". ABC News. Retrieved 31 March 2014. 
  10. ^ "Board of Directors". TreeHouse Foods, Inc. Retrieved 7 April 2014. 
  11. ^ a b c "TreeHouse Foods History". Retrieved 11 May 2014. 
  12. ^ Waterhouse, Gail. "Cains Foods sold for $35 Million to TreeHouse Foods". The Boston Globe. Retrieved 31 March 2014. 
  13. ^ "TreeHouse Foods, Inc Completes Acquisition of Cains Foods L.P.". Reuters. Retrieved 31 March 2014. 
  14. ^ "TreeHouse Foods to buy Associated Brands". Chicago Business Journal. Retrieved 31 March 2014. 
  15. ^ "TreeHouse Foods (THS)/Michael Foods Deal Has Limited Potential". StreetInsider.com. Retrieved 31 March 2014. 
  16. ^ a b Oran, Olivia. "TreeHouse Foods joins list of Michael Foods Suitors". Reuters. Retrieved 31 March 2014. 
  17. ^ Xu, Jodi. "TreeHouse Foods Said to Weigh Acquisition of Flagstone Foods". Business Week. Retrieved 14 May 2014. 
  18. ^ Calia, Michael. "TreeHouse Foods to Buy Protenergy Natural Foods". Wall Street Journal. Retrieved 11 May 2014. 
  19. ^ "TreeHouse Foods Buying Flagstone Foods for $860M". ABC NEWS. Retrieved 30 June 2014. 
  20. ^ "TreeHouse Foods acquiring health snack maker Flagstone Foods for $860 mn". Minneapolis News.Net. Retrieved 2 July 2014. 
  21. ^ Gelski, Jeff. "TreeHouse on the lookout for acquisitions". Food Business News. Retrieved 11 May 2014. 
  22. ^ "TreeHouse Foods Profile". Forbes. Retrieved 31 March 2014. 
  23. ^ "TreeHouse Foods, Inc.". New York Times. Retrieved 31 March 2014. 
  24. ^ Solon, Olivia. "Trouble brewing as company adds 'DRM' to coffee". Wired.co.uk. Retrieved 31 March 2014. 
  25. ^ "TreeHouse Sues Green Mountain Coffee for Anti-Competitive Product". Reuters. Retrieved 31 March 2014. 
  26. ^ Lindeman, Teresa. "Sales rise and profit falls at TreeHouse Foods". Pittsburgh Post-Gazette. Retrieved 31 March 2014. 

External links[edit]