TreeHouse Foods

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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.

Food industry results in brief: TreeHouse, Petra, Bonduelle

11 May 2015

TreeHouse Foods first quarter sales surged – but the US food group cut its forecast for annual earnings. Inventure Foods revealed the devastating impact of the listeria recall. Meanwhile, Petra Foods commented on the slowdown in the Indonesian economy and weaker consumer sentiment. Here is just-food's weekly results round-up.

Heinz, Kraft merger: Quote, unquote

25 Mar 2015

US-based food giants Heinz and Kraft Foods Group are set to join forces, creating the number three food and drinks company in North America - and the fifth-largest worldwide. Here is a flavour of how the market reacted.

TreeHouse aligns Bay Valley, Flagstone structure

19 Mar 2015

TreeHouse Foods plans to combine the go-to-market operations of its Bay Valley Foods and Flagstone Foods operations in order to "realise the full potential of marketing the company's portfolio".

One-time charges dent TreeHouse earnings

6 Nov 2014

TreeHouse Foods tightened its full-year outlook today (6 November) but booked a drop in third-quarter earnings, as one-time charges dented the bottom line.

US: Heinz, TreeHouse in baby food production agreement

18 Sep 2014

Heinz has returned production of some of its baby food products to its home town of Pittsburgh, reportedly as part of an agreement with TreeHouse Foods as co-packer.

US: TreeHouse ups earnings forecast

7 Aug 2014

US private-label manufacturer TreeHouse Foods today (7 August) raised its 2014 earnings forecast despite a fall in the first half of the year.

US: TreeHouse posts 18% rise in Q2 sales

16 Jul 2014

TreeHouse Foods' net sales were up 18% in the second quarter, the US private-label group has said in a set of preliminary numbers for the three-month period.

In the spotlight: Why TreeHouse is well-placed after Flagstone deal

3 Jul 2014

Since the inception of TreeHouse Foods in 2005, the US private-label group has snapped up businesses supplying the centre of the store. Now, the company has used M&A to secure a foothold in the perimeter - with the potential for further deals.

US: TreeHouse confirms US$860m deal for PL peer Flagstone

30 Jun 2014

TreeHouse Foods today (30 June) confirmed it had struck a deal to buy fellow US private-label group Flagstone Foods for US$860m.

US: TreeHouse, Flagstone takeover talks in "advanced" stages

27 Jun 2014

TreeHouse Foods is reportedly now in the "advanced stages" of negotiations to fellow US acquire private-label manufacturer Flagstone Foods.

US: TreeHouse "mulling Flagstone acquisition"

14 May 2014

TreeHouse Foods is reported to have joined a number of private-equity firms, including Blackstone Group, in tabling first-round bids for Flagstone Foods.

US: Treehouse hails growth, but financing weighs on bottom line

8 May 2014

TreeHouse Foods booked a mixed first-quarter as sales growth boosted operating profit but financing costs weighed on the bottom line.

Editor's viewpoint: Using M&A for growth Stateside

22 Apr 2014

Desperate for growth in a moribund trading environment, there are signs some food manufacturers operating in the US are using acquisitions to bolster their presence in more vibrant parts of the industry. Should others follow?

CANADA: TreeHouse to acquire broth maker Protenergy Natural Foods

22 Apr 2014

TreeHouse Foods has struck a deal to acquire Protenergy Natural Foods from private-equity firms Whitecastle Investments and Whitecap Venture Partners for C$170m (US$150m).

US: TreeHouse sees Q1 sales strength

22 Apr 2014

TreeHouse Foods has said it expects to report a 15% rise in first-quarter sales, boosted by acquisitions and the contribution from higher volumes and sales mix.

US: TreeHouse Foods reportedly eyeing Michael Foods

21 Mar 2014

US firm TreeHouse Foods is reportedly weighing a bid for Michael Foods.

Comment: Challenges ahead as ConAgra goes on to the front foot

20 Feb 2014

After two profit warnings in five months, ConAgra Foods boss Gary Rodkin was correct to use the CAGNY conference this week to front up about the problems at the US food group - and to try to demonstrate the company can rectify them. Some of these challenges are likely to only be short term. However, ConAgra may face more work with its consumer foods and integration of Ralcorp.

US: TreeHouse: "signs of life" for industry volumes

14 Feb 2014

The CEO of US brand and private-label group TreeHouse Foods has claimed sales volumes in the country's food and beverage are showing signs of improving.

US: TreeHouse Foods Q3 earnings climb, reaffirms outlook

8 Nov 2013

US own-label firm TreeHouse Foods has booked an increase in third-quarter earnings and reaffirmed its full-year guidance.

US: Treehouse Foods H1 earnings slide

8 Aug 2013

US own-label firm TreeHouse Foods saw its earnings slide in the first half of the year, hurt by one-off costs.

US: TreeHouse to buy dressings firm Cains Foods

24 Jun 2013

US own-label supplier TreeHouse Foods has struck a deal to buy dressings and mayonnaise firm Cains Foods for US$35m.

The week ahead - Citi FMCG conference, Sanderson H1s

28 May 2013

The UK and the US enjoyed a public holiday on Monday and the shorter week is a quieter one for results. However, US poultry group Sanderson Farms and South Africa's Tiger Brands will report H1s, while Tate & Lyle plc will announce annual figures. In New York, Citi will hold a conference featuring the likes of Mondelez International and General Mills.

US: TreeHouse records "best" Q1 earnings

9 May 2013

US own-label firm TreeHouse Foods said it has recorded its best-ever first-quarter earnings, with gross margin up and sales growing.

The week ahead - Sainsbury's FY results, Tyson H1, Mondelez Q1

3 May 2013

First-quarter results continue to come in next week, with Cadbury owner Mondelez International among the companies reporting numbers to the end of March. Elsewhere, US meat giant Tyson Foods will file half-year figures and UK grocer Sainsbury's will report annual numbers.

US: Restructuring costs hit TreeHouse Foods FY

21 Feb 2013

US own-label firm TreeHouse Foods has booked a decline in full-year profits as restructuring and other one-off costs hit earnings.

In the spotlight: ConAgra's belief in future of US private label

3 Dec 2012

ConAgra Foods has said it is "excited" about a deal that will mean it becomes the largest private-label group in the US despite concerns over its ability to grow brands and own label, as well as the long-term prospects of store brands in the US.

US: TreeHouse buys Associated Milk Producers own-label assets

3 Dec 2012

US private-label group TreeHouse Foods has snapped up cheese and pudding assets owned by dairy co-op Associated Milk Producers.

Interview: ConAgra sales chief Knudsen on Ralcorp deal

28 Nov 2012

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.

US: Snyder's-Lance "in talks to sell own-label unit"

16 Nov 2012

US snack firm Snyder's-Lance is reported to be in negotiations to offload its own-label snacks business Vista.




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