M&A Deal Summary

John B. Sanfilippo & Son Acquires Treehouse Foods - Snack Bars Business

On September 6, 2023, John B. Sanfilippo & Son acquired food company Treehouse Foods - Snack Bars Business from TreeHouse Foods for 63M USD

Acquisition Highlights
  • This is John B. Sanfilippo & Son’s 3rd transaction in the Food sector.
  • This is John B. Sanfilippo & Son’s largest (disclosed) transaction.
  • This is John B. Sanfilippo & Son’s 3rd transaction in the United States.
  • This is John B. Sanfilippo & Son’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2023-09-06
Target Treehouse Foods - Snack Bars Business
Sector Food
Buyer(s) John B. Sanfilippo & Son
Sellers(s) TreeHouse Foods
Deal Type Divestiture
Deal Value 63M USD

Target

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.

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Buyer(S) 1

Buyer

John B. Sanfilippo & Son

Elgin, Illinois, United States

Category Company
Founded 1922
Sector Distribution
Employees1,400
Revenue 1.0B USD (2023)
DESCRIPTION

John B. Sanfilippo & Son is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the Company’s Fisher®, Orchard Valley Harvest®, Sunshine Country®, Squirrel Brand® and Southern Style Nuts® brand names. John B. Sanfilippo & Son was founded in 1922 and is based in Elgin, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Divestiture) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Just the Cheese

Reeseville, Wisconsin, United States

Just the Cheese is a baked cheese snacking brands and offers 100% real cheese snack bars and cheese crisps. Just the Cheese is based in Reeseville, Wisconsin.

Buy -

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 7 of 7
Sector (Food) 7 of 7
Type (Divestiture) 7 of 7
State (Minnesota) 2 of 2
Country (United States) 7 of 7
Year (2023) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 J. M. Smucker - Fermented Food Condiment Brands

United States

J. M. Smucker's Fermented Food Condiment Brands provides Bick's® pickles, Habitant® pickled beets, Woodman's® horseradish, and McLarens® pickled onions.

Buy $20M