TreeHouse Foods (THS) has agreed to be taken private by European investment firm Investindustrial in an all-cash deal worth $2.9 billion U.S.
While not a household name, TreeHouse Foods is a major manufacturer of private-label foods and beverages, producing store brands for leading retailers such as Walmart (WMT) and Target (TGT).
Under terms of the deal, TreeHouse Foods’ shareholders will receive $22.50 U.S. a share in cash for each share of common stock owned, representing an equity value of $1.2 billion U.S.
TreeHouse Foods stockholders will also get one contingent value right per share, which will allow them to receive proceeds from a legal settlement related to TreeHouse Foods’ coffee business.
The take-private deal is expected to close in the first half of 2026. Once the deal is finalized, THS stock will no longer be listed on the New York Stock Exchange.
The stock of TreeHouse Foods is up 20% to $22.82 U.S. a share on news of its acquisition by Investindustrial.
Prior to today (Nov. 10), THS stock had declined 45% this year to trade at $19.05 U.S. per share.
