M&A Deal Summary

TreeHouse Foods Acquires ConAgra Foods - Private Label Operations

On February 1, 2016, TreeHouse Foods acquired food company ConAgra Foods - Private Label Operations from Conagra Brands for 2.7B USD

Acquisition Highlights
  • This is TreeHouse Foods’ 10th transaction in the Food sector.
  • This is TreeHouse Foods’ largest (disclosed) transaction.
  • This is TreeHouse Foods’ 9th transaction in the United States.

M&A Deal Summary
Date 2016-02-01
Target ConAgra Foods - Private Label Operations
Sector Food
Buyer(s) TreeHouse Foods
Sellers(s) Conagra Brands
Deal Type Divestiture
Deal Value 2.7B USD

Target

ConAgra Foods - Private Label Operations

United States
ConAgra Foods - Private Label Operations is a packaged food company.

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Buyer(S) 1

Buyer

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 11 of 13
Sector (Food) 10 of 12
Type (Divestiture) 3 of 5
Country (United States) 9 of 11
Year (2016) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Flagstone Foods

Saint Paul, Minnesota, United States

Flagstone Foods, Inc. (Formerly Snacks Holding Corporation), is a holding company for Ann’s House of Nuts (“Ann’s”) and Amport Foods (“Amport”). Ann’s, based in Columbia, MD, is the largest manufacturer and marketer of trail mixes in North America.

Buy $860M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Riverbend Foods

Pittsburgh, Pennsylvania, United States

Riverbend Foods LLCis a manufacturer of soups, broths, gravies, and infant feeding products sold in cans, jars and TetraRecart cartons. Riverbend Foods is based in Pittsburgh, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States
Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 18
Sector (Food) 11 of 14
Type (Divestiture) 14 of 18
Country (United States) 14 of 18
Year (2016) 1 of 3
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 Blake s All Natural Food

Concord, New Hampshire, United States

Blake's All Natural Food is a family-owned company which makes natural and organic frozen meals, including pot pies, casseroles, pasta dishes and other entrees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Spicetec Flavors & Seasonings

Omaha, Nebraska, United States

Spicetec Flavors & Seasonings is a provider of flavours, spices and savoury seasoning solutions.

Sell $340M
Mergr

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