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
Revenue 3.4B USD (2024)
DESCRIPTION
TreeHouse Foods' corporate headquarters based in Oak Brook, Illinois.
TreeHouse Foods' corporate headquarters based in Oak Brook, Illinois.

TreeHouse Foods manufactures and distributes private-label food and beverage products across North America. The Company produces snacks, beverages, and meal ingredients, including crackers, coffee, pretzels, cookies, powdered drinks, and condiments, serving grocery retailers, foodservice operators, and e-commerce brands. TreeHouse Foods is headquartered in Oak Brook, Illinois.


DEAL STATS #
Overall 11 of 14
Sector: Food M&A 10 of 13
Type: Divestiture M&A Deals 3 of 5
Country: United States M&A 9 of 12
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Flagstone Foods

Minneapolis, Minnesota, United States

Flagstone Foods is a manufacturer and distributor of private-label snacks for retailers and foodservice providers. The Company produces a range of nuts, trail mixes, and dried fruit products, offering product development, roasting, seasoning, and packaging capabilities. Flagstone Foods was founded in 2010 and is headquartered in Minneapolis, Minnesota.

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

Pittsburgh, Pennsylvania, United States

Riverbend Foods is 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 19
Sector: Food M&A 11 of 14
Type: Divestiture M&A Deals 14 of 19
Country: United States M&A 14 of 19
Year: 2016 M&A 1 of 3
Size (of disclosed) 2 of 7
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