TreeHouse Foods, Inc. Announces Definitive Agreement to Sell Two In-Store Bakery Facilities to Rich Products
Treehouse Foods, Inc. (THS)
Last treehouse foods, inc. earnings: 2/13 06:55 am
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Source: PR Newswire
OAK BROOK, Ill., Jan. 13, 2020 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) today announced that it entered into a definitive agreement on January 10 to sell two of its in-store bakery facilities located in Fridley, Minn. and Lodi, Calif. to Rich Products Corporation, a family-owned food company with more than 11,000 associates, operating on six continents, in more than 100 countries around the globe. The Fridley and Lodi plants manufacture breads, rolls and cakes for in-store retail bakeries and foodservice customers. The transaction is subject to customary closing conditions and is expected to close by April 10, 2020. Financial terms of the transaction were not disclosed."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 servic
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