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-0.000437636761488033 -0.00218818380743986 -0.00131291028446394 0.00437636761487971 -0.00175054704595182 0.011816192560175 0.0249496717724289 0.0284463894967177
Stock impact report

PE firm Investindustrial buys US private-label supplier TreeHouse Foods [Yahoo! Finance]

Treehouse Foods, Inc. (THS) 
Last treehouse foods, inc. earnings: 2/13 06:55 am Check Earnings Report
US:NYSE Investor Relations: treehousefoods.gcs-web.com/node/5806
Company Research Source: Yahoo! Finance
The transaction values the food-and-drinks supplier at US$2.9bn. So far this year, the group, which has been trying to boost profits through cost savings amid pressure on volumes, has seen its share price decline more than 40%. In April, the company announced a round of job cuts. The sale of the publicly listed TreeHouse Foods came alongside a set of third-quarter financial results that included a net loss of more than $265m. Andrea Bonomi, the chairman of the industrial advisory board at Investindustrial, pointed to TreeHouse's “expertise in food and beverage” and the company's “strong presence in North America”. Bonomi said TreeHouse was a “dynamic snacking and beverage leader and supply chain partner”. He added: “We are confident in the long-term growth opportunities in private brands and the categories where TreeHouse Foods operates, as well as the company's ability to build on its strong foundation of leadership.” Investindustrial's interests in food and drinks include Show less Read more
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