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TreeHouse Foods

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After a largely smooth decade for TreeHouse Foods since its inception in 2005, the largest private-label supplier in the US has found it tough going in the last 18 months or so. And, worryingly for investors, the latest news coming out of TreeHouse this week did not make for happy reading, Dean Best reports.

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TreeHouse Foods lowered its full-year earnings forecast, sending shares in the US own-label supplier tumbling. The company said it was forced to cut its outlook due to a weaker-than-expected performance from the private-label business it acquired from US peer ConAgra Foods earlier this year. just-food takes a look at what has gone wrong – and what action TreeHouse is taking to right itself. 

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TreeHouse Foods confirmed what many suspected yesterday (2 November) when it announced a deal to acquire ConAgra's private brands business for US$2.7bn. The acquisition will almost double TreeHouse's size, creating an enlarged business with sales of around $7bn spanning more than 20 categories. Here are ten key points to take away from the deal.

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ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, will help unlock value for its shareholders. But selling off private brands is about more than offloading an asset that is a challenging turnaround story. New CEO Sean Connolly insists it is about putting ConAgra back on the road to growth. Katy Askew reports.

ConAgra Foods will become the largest own-label firm in the US with an acquisition of Ralcorp Holdings but there are concerns over whether it can manage brands and private label. There are also questions over the potential private label has for further growth in the US. Doug Knudsen, president of sales at ConAgra, tells Dean Best why the company is upbeat about the deal, its ability to grow brands and own label and the private label sector.

just-food's most-read analysis of 2018 took in company strategy, financial results, the foodservice market, NPD and sustainability.

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US-based private-label supplier TreeHouse Foods confirms plan for another business disposal under new chief executive.

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US private-label supplier TreeHouse Foods, which is in the midst of a transformation programme under newly-installed chief executive Steven Oakland, is said to be eyeing another business disposal.

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TreeHouse Foods expects an improvement in profit margins to accelerate next year as the largest private-label supplier in the US makes further progress toward achieving its end-of-decade targets.

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TreeHouse Foods, the largest private-label supplier in the US, plans to close its office in Omaha, Nebraska, by the end of January as part of its multi-year restructuring programme.

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US-based TreeHouse Foods has sold its McCann's Irish Oatmeal brand to local peer B&G Foods for US$32m.

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US private-label behemoth TreeHouse Foods has appointed J.M. Smucker's president of food and beverages, Steven Oakland, as its new CEO just weeks after reporting dismal full-year earnings.

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just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

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US private label giant TreeHouse Foods has announced it is shuttering its plant in Visalia, California, its fourth such announcement in seven months.

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TreeHouse Foods, the largest supplier of own-branded products to US grocers, is to close its facility in Battle Creek, Michigan.

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just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

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US private-label giant TreeHouse Foods is searching for a new CEO after Robert Aiken resigned from his position as president of the company despite only taking up the role in June.

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TreeHouse Foods plans to close some of its operations as part of a restructuring programme the US own-label supplier has drawn up to make it more competitive and improve its margins.

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TreeHouse Foods, the biggest private-label supplier in the US, is revising its full-year earnings per share guidance lower amid "adverse" market conditions, pressure from commodity costs increases and lower volumes.

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TreeHouse Foods has appointed former US Foods CEO Robert Aiken to the post of president and chief operating officer.

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TreeHouse Foods, the US private-label supplier, has offloaded its soup and infant feeding business to Riverbend Foods, a new company set up by private-equity firm Insight Equity.

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US private-label food maker TreeHouse Foods is aiming to "capitalise on growth opportunities" with a management reshuffle that has signalled an increased focus on healthy snacking and the "emerging" online sales channel. 

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TreeHouse Foods has recorded a full-year loss after booking an impairment charge related to North American retail grocery unit Flagstone Foods. 

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TreeHouse Foods said that it has struggled to integrate the private brands business that it acquired from ConAgra Foods, which "fell short" of expectations during the third quarter. 

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TreeHouse Foods has revealed plans to close a Canadian production facility in British Columbia and reduce its manufacturing capacity at a site in the US state of Michigan. 

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TreeHouse Foods, the US own-label group, today (3 November) announced two senior management changes - the resignation of president Chris Sliva and the appointment of a new CFO.

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TreeHouse Foods, the US private-label group, today (4 August) announced Dennis Riordan was stepping down as CFO and a decision to hand the role of company president to COO Chris Sliva.

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TreeHouse Foods, the US private-label group, today (4 August) reported half-year results shaped by the company’s recent acquisition of the bulk of ConAgra Foods’ own-label business.

TreeHouse Foods announced yesterday (2 February) it has completed its acquisition of ConAgra Foods' private-label business in a deal that will go some way to reshaping the US own-label sector.