M&A Deal Summary

Investindustrial Acquires TreeHouse Foods - Meal Preparation Division

On August 11, 2022, private equity firm Investindustrial acquired food company TreeHouse Foods - Meal Preparation Division from TreeHouse Foods

Acquisition Highlights
  • This is Investindustrial’s 6th transaction in the Food sector.
  • This is Investindustrial’s 5th transaction in the United States.
  • This is Investindustrial’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-08-11
Target TreeHouse Foods - Meal Preparation Division
Sector Food
Buyer(s) Investindustrial
Sellers(s) TreeHouse Foods
Deal Type Divestiture

Target

TreeHouse Foods - Meal Preparation Division

Oak Brook, Illinois, United States
TreeHouse Foods' Meal Preparation Division is a US supplier of private label food products in its categories, manufacturing and distributing pasta, red sauces, salsa, salad dressings, mayonnaise, condiments, syrup, pie-fillings, and preserves, among other products. It operates 14 manufacturing facilities located in the US, Canada, and Italy along with 19 company-operated distribution centers.

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Buyer(S) 1

Buyer

Investindustrial

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 56 of 58
Sector (Food) 6 of 6
Type (Divestiture) 6 of 7
State (Illinois) 1 of 1
Country (United States) 5 of 6
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Parker Food Group

Fort Worth, Texas, United States

Parker Food Group is a manufacturer of custom specialty ingredients used by a wide array of well-known food & beverage companies. Parker’s product offerings include toppings, inclusions, grinds, flavor bases, icings, swirls, and other innovative items. It has built a strong and loyal following thanks to its proven R&D team, flexibility, and capabilities to quickly deliver unique offerings using clean-label, natural, and organic ingredients. Parker Food Group was formed in 1926 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Benvic

Chevigny Saint Sauveur, France

Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport. Benvic was founded in 1963 and is based in Chevigny Saint Sauveur, France.

Sell -

Seller(S) 1

SELLER

TreeHouse Foods

Oak Brook, Illinois, United States

Category Company
Founded 1862
Sector Food
Employees7,400
Revenue 3.4B USD (2023)
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 6 of 7
Sector (Food) 6 of 7
Type (Divestiture) 6 of 7
State (Illinois) 4 of 4
Country (United States) 6 of 7
Year (2022) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Treehouse Foods - Snack Bars Business

Lakeville, Minnesota, United States

Treehouse Foods' Snack Bars Business consists of a manufacturing facility that produces snack bars in Lakeville, Minnesota.

Sell $63M