M&A Deal Summary

TreeHouse Foods Acquires Riviana Foods

On November 5, 2020, TreeHouse Foods acquired food company Riviana Foods from Ebro Foods SA for 243M USD

Acquisition Highlights
  • This is TreeHouse Foods’ 11th transaction in the Food sector.
  • This is TreeHouse Foods’ 4th largest (disclosed) transaction.
  • This is TreeHouse Foods’ 10th transaction in the United States.
  • This is TreeHouse Foods’ 2nd transaction in Texas.

M&A Deal Summary
Date 2020-11-05
Target Riviana Foods
Sector Food
Buyer(s) TreeHouse Foods
Sellers(s) Ebro Foods SA
Deal Type Divestiture
Deal Value 243M USD

Target

Riviana Foods

Houston, Texas, United States
website
Riviana Foods, Inc. is a processor, marketer and distributor of branded and private label rice products. Riviana Foods is based in Houston, Texas.

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Buyer(S) 1

Buyer

TreeHouse Foods

Oak Brook, Illinois, United States

website

Category Company
Founded 1862
Sector Food
Employees10,900
Revenue 3.5B USD (2022)
DESCRIPTION
TreeHouse Foods' corporate headquarters based in Oak Brook, Illinois.
TreeHouse Foods' corporate headquarters based in Oak Brook, Illinois.

TreeHouse Foods is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its major product lines include non-dairy powdered creamer; canned soup, refrigerated and shelf stable 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 and liquid non-dairy creamer. TreeHouse Foods was founded in 1862 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 12 of 13
Sector (Food) 11 of 12
Type (Divestiture) 4 of 5
State (Texas) 2 of 2
Country (United States) 10 of 11
Year (2020) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 TreeHouse Foods - Two In-Store Bakery Facilities

Oak Brook, Illinois, United States

TreeHouse Foods, Inc. - Two In-Store Bakery Facilities (The Fridley and Lodi plants) manufactures bread, rolls, and cakes for in-store retail bakeries and foodservice customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 TreeHouse Foods - Ready-to-Eat Cereal Business

Oak Brook, Illinois, United States

TreeHouse Foods' Ready-to-Eat Cereal Business with facilities located in Lancaster, Ohio, and Sparks, Nevada, which features a wide range of production capabilities across batch and extruded products, a research and development facility located in Sauget, Illinois.

Sell $85M

Seller(S) 1

SELLER

Ebro Foods SA

Madrid, Spain

website

Category Company
Sector Food
DESCRIPTION

Ebro Foods, S.A., formerly Ebro Puleva, is the leading company in the Spanish food processing sector. Ebro Foods is the world's largest traders/miller of rice and the second biggest producer of pasta. The company's head office is in Madrid.

DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 The Hain Celestial Group - Tilda

New York, United States

The Hain Celestial Group, Inc. - Tilda is a premium basmati and specialty rice brand.

Buy $342M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Panzani

Lyon, France

Panzani is involved in making dry pasta, semolina, couscous, and sauces under the Lustucru and Taureau Ailé brands. Panzani was formed in 1940 and is based in Lyon, France.

Sell €550M
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