This article needs to be updated.(November 2014) |
Native name | TreeHouse Private Brands, Inc. |
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Company type | Subsidiary of Post Holdings |
Industry | Food production |
Founded | 1994St. Louis, Missouri (spun off from Ralston Purina) | in
Headquarters | , United States |
Key people | Richard Koulouris (VP and President) |
Products | Private brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers |
Ralcorp Holdings is an American manufacturer of various food products, including breakfast cereal, cookies, crackers, chocolate, snack foods, mayonnaise, pasta, and peanut butter. The company is based in St. Louis, Missouri. The majority of the items Ralcorp makes are private-label, store-brand products. It has over 9,000 employees. [1] Ralcorp has its headquarters in the Bank of America Plaza in downtown St. Louis. [2]
Originally part of Ralston Purina, the Ralston name was more associated with food for humans; soda crackers and a farina cereal, among other products, were marketed under this name. Ralcorp can trace its ancestry to 1898 when William H. Danforth of Purina Mills, which made animal feeds, began making breakfast cereal. He sought and received the endorsement of Webster Edgerly (Dr. Ralston) who founded the Ralstonism social movement. [3] Ralston cereal became so successful that Purina Mills was renamed Ralston Purina in 1902. [4] Ralston Purina also for many years produced the familiar line of Chex and Cookie Crisp cold breakfast cereals. The animal and human food businesses were seemingly only tenuously related. In 1994, the human food business was spun off to Ralcorp Holdings, operating as Ralston Foods, which then sold its branded breakfast cereal lineup to General Mills and its Continental Baking division (Wonder Bread and Twinkies) to Interstate Bakeries. The Purina part of the company is now split. The pet-food company sold to Nestlé is now called Nestlé Purina PetCare. The livestock-feed company is called Purina Mills, LLC, and is a unit of Land O'Lakes. Ralcorp manufactures many store-brand foods that are sold in grocery outlets across the United States under the retailers' private labels. In late 2007, Ralcorp signed an agreement with Kraft Foods to acquire the Post Cereals brands, thus returning to the major-branded cereal business. The acquisition was completed August 4, 2008. [5] Another brand name product Ralcorp makes and markets is Ry-Krisp crisp bread.
In 2011, Ralcorp received an offer for the company from ConAgra Foods. Ralcorp resisted the attempt. Ralcorp also announced it was spinning off its Post Foods unit. [6] The spinoff was completed in 2012. [7] On November 27, 2012, ConAgra officials announced they were purchasing Ralcorp, pending Ralcorp shareholder approval, for about $4.95 billion. Stockholders of Ralcorp Holdings Inc. would receive $90 per share. The acquisition was completed in January 2013. [8] The acquisition made ConAgra the largest private-label packaged food business in the United States at that time. [9]
On February 1, 2016, TreeHouse Foods announced that it completed the acquisition of ConAgra Foods' private brands operations. "TreeHouse paid $2.7 billion in cash plus transaction expenses for the business and financed the transaction through the closing of its previously announced offerings of $775 million in aggregate principal senior notes due 2024 with a 6.0% annual interest rate and common stock issuance of 13.3 million shares at a price of $65 per share (which includes the exercise, in full, of the overallotment option), aggregating $862.5 million in gross proceeds. The remainder of the purchase price was financed under the Company's revolving credit facility." [10] The rumor of the deal broke in October 2015. According to a FoodProcessing.com article from 10/23/2015:"TreeHouse Foods is rumored to be in advanced talks to purchase the Ralcorp business from ConAgra Foods in a deal valued at $2.5- to $2.7 billion, according to a report from Reuters." This was a huge loss from the $5.1 Billion ConAgra paid for Ralcorp two years earlier. [11]
On June 1, 2021, Post Holdings announced it acquired the ready-to-eat ("RTE") cereal business of TreeHouse Foods. [12]
Nabisco is an American manufacturer of cookies and snacks headquartered in East Hanover, New Jersey. The company is a subsidiary of Illinois-based Mondelēz International.
Conagra Brands, Inc. is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500.
Ralston Purina Company was a St. Louis, Missouri,–based American conglomerate with substantial holdings in animal feed, food, pet food, consumer products, and entertainment. On December 12, 2001, it merged with Swiss food-giant Nestlé's Friskies division to form Nestlé Purina PetCare Company.
Post Consumer Brands is an American consumer packaged goods food manufacturer headquartered in Lakeville, Minnesota.
General Foods Corporation was a company whose direct predecessor was established in the United States by Charles William Post as the Postum Cereal Company in 1895.
Chex is an American brand of breakfast cereal currently manufactured by General Mills. It was originally known as Shredded Ralston, first produced in 1936 and owned by Ralston Purina of St. Louis, Missouri, then later renamed Chex in 1950. The Chex brand went with corporate spinoff Ralcorp in 1994 and was then sold to General Mills in 1997. Rival cereal company Kellogg's has the rights to the Chex brand in South Korea and Singapore.
Rich Products Corporation is a privately held multinational food products corporation headquartered in Buffalo, New York. The company was founded in 1945 by Robert E. Rich, Sr., after his development of a non-dairy whipped topping based on soybean oil, 21 years before Cool Whip. Since then, the company has expanded its non-dairy frozen food offerings and also supplies products to retailers, bakeries, and foodservice providers.
Healthy Choice is the name of a brand of refrigerated and frozen foods owned by ConAgra Foods. ConAgra sells a broad array of dishes through its Healthy Choice brand, including frozen dinners, side dishes, cold cuts and other meats, canned soups, ice cream, bread, pasta sauce, and even popcorn. In Canada, Healthy Choice is a brand of ConAgra Brands. In Australia, McCain Foods, a Canadian company, owns the Healthy Choice name.
J&J Snack Foods Corp. (JJSFC) is an American manufacturer, marketer, and distributor of name brand snack foods and frozen beverages. Headquartered in Mt. Laurel, NJ, JJSF uses over 175 facilities for manufacturing, warehousing, and distributing located in 44 states, Mexico, and Canada. The company is listed on the NASDAQ Global Select Market as "JJSFC", and serves both national and international markets.
Chex Mix is a type of snack mix that includes Chex breakfast cereal as a major component.
Pepperidge Farm is an American commercial bakery founded in 1937 by Margaret Rudkin, who named the brand after her family's 123-acre farm property in Fairfield, Connecticut, which had been named for the pepperidge tree.
Bertolli is a brand of Italian food products produced by multiple companies around the world with the trademark owned by Mizkan Holdings. Originating as a brand of extra-virgin olive oil, in which it was the global market leader, pasta sauces and ready meals are now sold under the brand name as well.
Ry-Krisp is an American brand of rye crisp bread that was introduced in 1899. Based in Minneapolis, Minnesota, the Ry-Krisp plant was purchased by Ralston Purina in 1926. In 1994, the Ralston portion of Ralston Purina was spun off into a new company called Ralcorp Holdings, including the RyKrisp operations. Ralcorp was acquired by ConAgra Foods in 2013.
The C.F. Mueller Company was founded in 1867 and built one of the biggest and most-advanced pasta factories in the United States at 180 Baldwin Avenue in Jersey City, New Jersey. At one time, Mueller's Macaroni became the largest selling brand of pasta in America. It is owned by Winland Foods.
American Italian Pasta Company (AIPC) was a pasta manufacturing company with corporate offices in Kansas City, Missouri, and plants in Excelsior Springs, Missouri; Columbia, South Carolina; Tolleson, Arizona; and Verolanuova, Italy. AIPC was acquired by Ralcorp in 2010, ConAgra Foods in early 2013,TreeHouse Private Brands, Inc. in 2016 and Winland Foods in October 2022.
International Home Foods (IHF) was an American manufacturer, distributor and marketer of food products, based in Parsippany, New Jersey. It was acquired in 2000 by ConAgra Foods and merged into ConAgra's Grocery Products division. IHF's best known brands were Chef Boyardee pasta products, Bumble Bee Seafood, PAM cooking spray, and Gulden's mustard.
Hostess Brands is an American bakery company formed in 2013. Its main operating subsidiaries are Hostess Brands, LLC, and Voortman Cookies Limited.
Post Holdings, Inc. is an American consumer packaged goods holding company headquartered in St Louis, Missouri with businesses operating in the center-of-the-store, refrigerated, foodservice, and food ingredient categories. Its Post Consumer Brands business manufactures, markets, and sells both branded and private label products, mainly breakfast cereals. Its Michael Foods Group business supplies value-added egg products and refrigerated potato products to the foodservice and food ingredient channels. Through its Post Refrigerated Retail business, Post offers potato, egg, sausage, and cheese refrigerated side dishes products. Post participates in the private brand food category through its investment in 8th Avenue Food & Provisions, a leading, private brand centric, consumer products holding company.
TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and beverage company in North America. In 2018, TreeHouse Foods was ranked No. 446 on the Fortune 500 list. In 2020, it dropped to No. 552 into the Fortune 1000 list.
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