TreeHouse Foods is reported to have joined a number of private equity firms, including Blackstone Group, in tabling first round bids for Flagstone Foods.
According to a Bloomberg report citing unnamed sources, the US dried fruit and nut firm has attracted offers in the US$1bn range.
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Neither TreeHouse nor Flagstone were available for comment at time of press.
Acquisitive TreeHouse has made a number of acquisitions in the North American private label space, including most recently Protenergy Natural Foods. However, in its most recent quarterly update the group revealed that higher sales were offset by increased financing costs.
