TreeHouse Foods completes acquisition of Atlanta-based Naturally Fresh for US$25M
Nevin Barich
OAK BROOK, Illinois
,
April 13, 2012
(press release)
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TreeHouse Foods, Inc. (NYSE: THS - News) announced today that it has completed the previously announced acquisition of substantially all of the assets of Naturally Fresh, Inc. for $25 million. Naturally Fresh, headquartered in Atlanta, Georgia, produces refrigerated dressings, sauces, marinades, dips and specialty items in a wide array of packaging sizes. The products manufactured by Naturally Fresh will be added to each of TreeHouse's segments. Naturally Fresh has annual revenues of approximately $80 million.
ABOUT NATURALLY FRESH
Naturally Fresh, headquartered in Atlanta, Georgia, manufactures refrigerated and shelf stable dressings, dips, and sauces in a variety of packaging formats and sizes, including single serve cups and pouches, tubs, retail glass and multi-serve food away from home sizes. Products are sold under the Naturally Fresh brand and private label for leading food service distributors, national chains and retailers. The company's facilities include its food processing facility in Atlanta and seven distribution centers across the nation.
About TreeHouse Foods
TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its products include non-dairy powdered creamer; canned soup, salad dressings and sauces; powdered drink mixes; instant oatmeal and hot cereals; macaroni and cheese, skillet dinners and other value-added side dishes and salads; salsa and Mexican sauces; jams and pie fillings under the E.D. Smith brand name; pickles and related products; and other food products including aseptic sauces, refrigerated salad dressings, and liquid non-dairy creamer. TreeHouse believes it is the largest manufacturer of pickles and non-dairy powdered creamer in the United States and the largest manufacturer of private label salad dressings, powdered drink mixes and instant hot cereals in the United States and Canada based on sales volume.
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