TreeHouse Foods

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TreeHouse Foods books FY loss on impairment charges

9 Feb 2017

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

TreeHouse Foods wrestles with former ConAgra Foods' assets – 6 things to learn 

4 Nov 2016

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. 

TreeHouse Q3 shows struggles to digest ConAgra's private brands 

3 Nov 2016

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. 

TreeHouse right-sizing manufacturing footprint

3 Nov 2016

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. 

TreeHouse announces two senior executive changes

3 Nov 2016

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.

TreeHouse Foods outlines executive changes

4 Aug 2016

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.

TreeHouse Foods shares slide despite "progress"

4 Aug 2016

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.

Focused ConAgra Foods sells JM Swank ingredients unit

10 Jun 2016

ConAgra Foods has announced its intention to sell its national food ingredient sourcing and distribution company JM Swank, the US group's latest move to dispose an asset to focus on its consumer-facing business.

TreeHouse to close two former ConAgra facilities 

25 May 2016

TreeHouse Foods has announced plans to close two manufacturing facilities that it attained as part of its US$2.7bn acquisition of ConAgra Foods' private-label business.

TreeHouse swings to loss on acquisition costs

5 May 2016

TreeHouse Foods reported a first-quarter loss as costs associated with its acquisition of the ConAgra Foods private brands business weighed on profitability. 

TreeHouse to shed 100 jobs in Bay Valley facility closure

6 Apr 2016

TreeHouse Foods plans to close its Bay Valley Foods production site in Ayer, Massachusetts, as part of an ongoing production review. 

TreeHouse Foods to increase natural, organic production following ConAgra deal

29 Mar 2016

TreeHouse Foods has confirmed it is bumping up the number of natural and organic food items it produces and plans to sell them through the acquired ConAgra Foods private-label unit.

TreeHouse Foods sales slide in Q4

11 Feb 2016

TreeHouse Foods, the US private-label group, saw sales decline in the last three months of 2015 amid pressure on volumes and moves on prices.

TreeHouse FY guidance ahead of expectations 

15 Jan 2016

Shares in TreeHouse Foods rose after the bell yesterday (14 January) on the back of expectation-beating full-year guidance. 

Food industry quotes of the week - pressure on Hain Celestial, Chobani ad spat, Ornua's China move

15 Jan 2016

US group Hain Celestial this week cut its forecasts for annual sales and earnings amid pressure on its domestic business. The company's management also presented at the ICR investment conference, where it sought to be upbeat about Hain's prospects. Staying in the US, Danone warned it could pursue legal action over Chobani's "misleading and deceptive marketing" which targeted its Light & Fit brand. Elsewhere, Irish dairy co-op Ornua announced the acquisition of Chinese group Ambrosia. And we analysed General Mills' recent acquisitions of Brazilian yoghurt maker Carolina and US meat snacks firm Epic Provisions. Here is the week in quotes.

TreeHouse to add 140 more ConAgra employees

14 Jan 2016

TreeHouse Foods has announced it will hire another 140 permanent employees from ConAgra Foods as part of the deal for the latter's private-label food business.

The food industry in 2016 - the trends that will drive M&A

3 Jan 2016

Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.

The year in review - the news that shook the food industry in 2015

21 Dec 2015

The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.

Food industry news of the week - ConAgra, ThinkThin, Danone

23 Nov 2015

US group ConAgra Foods, fresh from agreeing to sell the bulk of its own-label business, set out plans to split its remaining operations in two. Staying in the US, Glanbia struck a deal to buy protein foods maker ThinkThin, while local distributor Pompeian Group is to merge with Spanish olive oil co-op DCOOP. Olive oil was under scrutiny in Italy, where a clutch of products face a regulatory investigation over claims products are being mis-sold as extra virgin olive oil.

TreeHouse to close Bay Valley Foods plant in California

18 Nov 2015

TreeHouse Foods has announced it is closing its Bay Valley Foods plant in California.

Food industry quotes of the week - TreeHouse, Kellogg, Kraft Heinz

6 Nov 2015

This week, TreeHouse Foods announced the acquisition of ConAgra Foods' troubled private-label arm for US$2.7bn. Kellogg posted yet another quarter of falling cereal sales, although CEO John Bryant insisted the category was improving. Kraft Heinz Co. announced a fresh swathe of job cuts across the US and Canada And just-food interviewed UK cheese maker Wyke Farms MD Richard Clothier who highlighted the challenges in the UK market for an independent dairy operator.

Food industry news of the week – TreeHouse, Kellogg, Kraft Heinz 

6 Nov 2015

TreeHouse Foods confirmed that it will acquire ConAgra's private brands business for US$2.7bn. Kellogg revealed further declines at its US cereal business. The Kraft Heinz Co. reported its first results as a combined group – and detailed further job cuts. Here are the highlights from just-food this week. 

TreeHouse notes 'competitive pressures' across its categories 

5 Nov 2015

TreeHouse Foods said that its third quarter performance was shaped by “competitive pressures” across most of its categories, as lower pricing and unfavourable volume/mix weighed. 

TreeHouse's acquisition of ConAgra private brands – 10 things to learn 

3 Nov 2015

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.

TreeHouse to buy ConAgra's private-label arm

2 Nov 2015

TreeHouse Foods, the US own-label supplier, is to acquire ConAgra Foods' private-label businesses in a US$2.7bn deal.

TreeHouse 'in late-stage talks with ConAgra for Ralcorp'

23 Oct 2015

TreeHouse Foods is reportedly in late-stage talks to acquire ConAgra Foods' private-label business Ralcorp, a deal that could be worth US$2.5-2.7bn.

Food industry results in brief - TreeHouse Foods, Post Holdings, Calbee

7 Aug 2015

This week's rundown of the latest financial results include a profit warning from TreeHouse Foods, an increase to profit forecasts at Post Holdings and a clutch of Japanese companies reporting their first-quarter results.

Food industry news of the week - Nestle India, ConAgra, Mondelez

31 Jul 2015

Nestle this week a change of leadership at its embattled unit India, which has been under the spotlight in recent weeks over the nationwide Maggi recall. Elsewhere, ConAgra Foods was reported to have started talks to sell its own-label unit, with Post Holdings and TreeHouse Foods said to be interested. Our interview pages included chats with the founder of US organic baby food firm - and Danone subsidiary - Happy Family, Chinese bakery business Dongguan Kam Tai Foods and UK gluten-free company Mrs Crimble's.

Post, TreeHouse "in talks over ConAgra own-label unit"

29 Jul 2015

Post Holdings and TreeHouse Foods are reportedly among the potential suitors for ConAgra Foods' private-label arm.

On the money: ConAgra private-label exit is about growth

1 Jul 2015

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.

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