TreeHouse Foods
 | |
| Public | |
| Traded as |
NYSE: THS S&P 400 component |
| Industry | grocery product manufacturer |
| Founded | 2005 |
| Headquarters | Oak Brook, Illinois, USA |
| Products | private label grocery products |
| Revenue | $2.9 billion USD (2014) |
Number of employees | 7000 (approximate) |
| Website | http://www.treehousefoods.com |
TreeHouse Foods, located in Oak Brook, Illinois, is a multinational food processing company specializing in producing private label packaged foods.[1][2][3] Created in 2005[4] and consisting entirely of acquisitions,[4] in 2010 the company had sales of $2 billion[4] and employed over 4000 people at 20 facilities.[4] Food Processing magazine named them their 2010 Processor of the Year,[4] calling them "the biggest company you never heard of."[4][5] The company is a component of the S&P 600[6] and in 2014 was the 46th-largest food and beverage company in North America.[7]
History
In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc.[8] In June of that year, TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS.[8]
Michelle Obama was a member of the board of directors from 2005 - 2007.[9] Terdema Ussery, president and CEO of the National Basketball Association’s Dallas Mavericks, serves on the board of directors.[10]
Acquisitions and subsidiaries
- 2006: Acquired the soup business of Del Monte Foods Company.[11]
- 2007: Acquired the salsa and picante business of San Antonio Farms, acquired jam, jelly, syrup and pie-filling (both brand name and private-label) producer E.D. Smith, founded by the Canadian politician E.D. Smith[11]
- 2010: Acquired Sturm Foods and S.T. Specialty Foods[11]
- 2013: Acquired Naturally Fresh, Inc., Cains Foods,[12][13] and Associated Brands[8][14]
- 2014: Made a bid to acquire Michael Foods Group Inc[15][16]
- 2014: Acquired Flagstone Foods for $860 million.[17][18][19]
- In April 2014, TreeHouse acquired private-label soup and gravy maker Protenergy Natural Foods from Whitecastle Investments.[20]
- In June 2014, TreeHouse announced that it was buying Minnesota-based Flagstone Foods for $860 million as a way to gain access to the growing healthy snacks category.[21] The company said the acquisition would push its annual turnover towards $3.5 billion.[22]
- In November 2015, TreeHouse agreed to purchase ConAgra Foods' private brand business (known as Ralcorp) for $2.7B. [23]
Business model
The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S.[24] It services both the retail grocery[9] and the foodservice distribution channels.[25][26] In addition to private brand non-dairy creamers, single-serving coffee pods,[27][28] baby foods, salad dressings, marinades, dips, soups,[29] sauces, dry mix pasta dinners, jams, spreads, and cereals[16] the company also maintains several brand name products including McCann's Steel Cut Irish Oatmeal, Cremora[1] non-dairy coffee lightener, Second Nature egg substitutes, and Nature's Goodness baby foods.[4]
References
- 1 2 "Behind the Brand: TreeHouse Foods". Seattle Times. Retrieved 31 March 2014.
- ↑ Hargrave, Marshall. "There Is Money To Be Made In Store Brand Foods". Motley Fool. Retrieved 31 March 2014.
- ↑ Watson, Elaine. "TreeHouse Foods cashes in as consumers opt for premium private label single-serve coffee, tea". Food Navigator. Retrieved 31 March 2014.
- 1 2 3 4 5 6 7 Fusaro, Dave. "2010 Processor of the Year: Treehouse Foods". Food Processing. Retrieved 31 March 2014.
- ↑ Thain, Greg (2012). Store Wars: The Worldwide Battle for Mindspace and Shelfspace. Wiley. ISBN 978-1-118-37406-1.
- ↑ "TreeHouse Foods, Inc. Company Profile". Hoovers. Retrieved 31 March 2014.
- ↑ "Food Processing's Top 100". Food Processing. Retrieved 31 March 2014.
- 1 2 3 "History". TreeHouse Foods. Retrieved 31 March 2014.
- 1 2 Parker, Jennifer. "Michelle Obama Cuts Ties with Controversial Wal-Mart Supplier". ABC News. Retrieved 31 March 2014.
- ↑ "Board of Directors". TreeHouse Foods, Inc. Retrieved 7 April 2014.
- 1 2 3 "TreeHouse Foods History". Retrieved 11 May 2014.
- ↑ Waterhouse, Gail. "Cains Foods sold for $35 Million to TreeHouse Foods". The Boston Globe. Retrieved 31 March 2014.
- ↑ "TreeHouse Foods, Inc Completes Acquisition of Cains Foods L.P.". Reuters. Retrieved 31 March 2014.
- ↑ "TreeHouse Foods to buy Associated Brands". Chicago Business Journal. Retrieved 31 March 2014.
- ↑ "TreeHouse Foods (THS)/Michael Foods Deal Has Limited Potential". StreetInsider.com. Retrieved 31 March 2014.
- 1 2 Oran, Olivia. "TreeHouse Foods joins list of Michael Foods Suitors". Reuters. Retrieved 31 March 2014.
- ↑ Wang, Selina. "TreeHouse Foods to Buy Flagstone for $860 Million". Bloomberg.com. Retrieved 2016-03-08.
- ↑ Inc., TreeHouse Foods,. "TreeHouse Foods to Acquire Flagstone Foods for $860 million". www.prnewswire.com. Retrieved 2016-03-08.
- ↑ Xu, Jodi. "TreeHouse Foods Said to Weigh Acquisition of Flagstone Foods". Business Week. Retrieved 14 May 2014.
- ↑ Calia, Michael. "TreeHouse Foods to Buy Protenergy Natural Foods". Wall Street Journal. Retrieved 11 May 2014.
- ↑ "TreeHouse Foods Buying Flagstone Foods for $860M". ABC NEWS. Retrieved 30 June 2014.
- ↑ "TreeHouse Foods acquiring health snack maker Flagstone Foods for $860 mn". Minneapolis News.Net. Retrieved 2 July 2014.
- ↑ http://finance.yahoo.com/news/conagra-sell-private-brands-business-123731091.html
- ↑ Gelski, Jeff. "TreeHouse on the lookout for acquisitions". Food Business News. Retrieved 11 May 2014.
- ↑ "TreeHouse Foods Profile". Forbes. Retrieved 31 March 2014.
- ↑ "TreeHouse Foods, Inc.". New York Times. Retrieved 31 March 2014.
- ↑ Solon, Olivia. "Trouble brewing as company adds 'DRM' to coffee". Wired.co.uk. Retrieved 31 March 2014.
- ↑ "TreeHouse Sues Green Mountain Coffee for Anti-Competitive Product". Reuters. Retrieved 31 March 2014.
- ↑ Lindeman, Teresa. "Sales rise and profit falls at TreeHouse Foods". Pittsburgh Post-Gazette. Retrieved 31 March 2014.