TreeHouse Foods

Last updated
TreeHouse Foods Inc.
Company type Public
NYSE:  THS
S&P 600 component
IndustryGrocery product manufacturer
Founded2005;19 years ago (2005)
Headquarters Oak Brook, Illinois, United States
ProductsPrivate label grocery products
Revenue$3.45 billion USD (2023)
Number of employees
7,500 [1]  (2023)
Website http://www.treehousefoods.com

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. [2] [3] [4] Created in 2005 [5] and consisting entirely of acquisitions, [5] in 2010 the company had sales of $2 billion [5] and employed over 4,000 people at 20 facilities. [5] Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, [5] calling them "the biggest company you never heard of". [5] [6] In 2015, the company was the 37th-largest food and beverage company in North America. [7] In 2018, TreeHouse Foods was ranked No. 446 on the Fortune 500 list. [8] In 2020, it dropped to No. 552 into the Fortune 1000 list. [9]

Contents

History

In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc. [10] In June of that year, TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS. [10]

Michelle Obama was a member of the board of directors from 2005 through 2007. [11]

On October 22 2024, Treehouse foods recalled over 100 varieties of frozen pre-made waffle and pancake products. [12]

Acquisitions and subsidiaries

  • In April 2014, TreeHouse acquired private-label soup and gravy maker Protenergy Natural Foods from Whitecastle Investments. [18]
  • 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. [19] The company said the acquisition would push its annual turnover towards $3.5 billion. [20] [21] [22] [23]

Sturm Foods

Sturm Foods, Incorporated
Company type Public
IndustryDry grocery product manufacturer
Founded1905
SuccessorTreeHouse Foods Inc.
Headquarters Manawa, Wisconsin, United States
ProductsSeasonings,Puddings,Gelatins,Powdered drink mixes, Single-serve "K-cups," Dried oatmeal, Organic products, Liquid beverage enhancers
Revenue$77.4 million USD (2006)
Number of employees
1,000 (approximate)
Website External link

Sturm Foods is a subsidiary company that manufactures dry groceries under private label brands and distributes them to the foodservice industry and grocery suppliers throughout the world. Sturm Foods' origin was a dairy farm operation begun in 1905 [26] by Arthur Sturm and his four sons. The boys began buying eggs from local farmers and shipping them to relatives in Chicago for sale there. This small business eventually expanded into other commodities during the 1930s, such as sugar, seed, twine, potatoes, flour, coal and gasoline. World War II helped increase the business, at that point known as A. Sturm & Sons. The company began manufacturing for the first time bulk amounts of dried food products, such as eggs and powdered milk, to be delivered to American servicemen on the battle fronts. The company entered the private label distribution market in the early 1970s and continues this business model to the current day. The business flourished throughout the eighties and nineties with a broadening product line and employment increasing from 150 to 500 employees. In May 2005, Sturm Foods was acquired by the LLC and private equity firm HM Capital Partners.

On December 1, 2009, HM Capital announced that Sturm Foods was sold to Treehouse Foods for approximately $660 million. The purchase price was made up of $400m in new debt issuance, $100m in equity stock, with the remainder funded by TreeHouse's existing revolving credit facility. With this purchase, the US soup-to-salad dressings firm made a move to further expand its dry grocery offerings. For the 12 months leading to September 30, 2009, Sturm generated sales of $340m. Following the acquisition, TreeHouse has estimated that it will have pro-forma sales of around $1.9bn and adjusted EBITDA of over $275m. The company also expects the transaction to be more than 16% accretive on an annualised basis following the acquisition, adding $0.38 to $0.40 in earnings per share.

Business model

The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S. [27] It services both the retail grocery [28] and the foodservice distribution channels. [29] [30] In addition to private-brand non-dairy creamers, single-serving coffee pods, [31] [32] baby foods, salad dressings, marinades, dips, soups, [33] sauces, dry-mix pasta dinners, jams, spreads, and cereals, [17] the company also maintains several brand-name products including Cremora non-dairy coffee lightener, [2] Second Nature egg substitutes, and Nature's Goodness baby foods. [5]

Related Research Articles

<span class="mw-page-title-main">Heinz</span> American food processing company known for its ketchup and condiments

The Kraft Heinz Foods Company, formerly the H. J. Heinz Company and commonly known as Heinz, is an American food processing company headquartered at One PPG Place in Pittsburgh, Pennsylvania. The company was founded by Henry J. Heinz in 1869. Heinz manufactures food products in plants on six continents, and markets these products in more than 200 countries and territories. The company claims to have 150 number-one or number-two brands worldwide. Heinz ranked first in ketchup in the US with a market share in excess of 50%; the Ore-Ida label held 46% of the frozen potato sector in 2003.

<span class="mw-page-title-main">The J.M. Smucker Company</span> American food and beverage manufacturer

The J.M. Smucker Company, also known as Smuckers, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter. J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee. Its flagship brand, Smucker's, produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.

<span class="mw-page-title-main">McCormick & Company</span> Spice, herb, and flavoring provider headquartered in Maryland, U.S.

McCormick & Company, Incorporated is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and foodservice businesses.

Post Consumer Brands, LLC is an American consumer packaged goods food manufacturer headquartered in Lakeville, Minnesota.

<span class="mw-page-title-main">Rich Products</span> American food corporation

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.

<span class="mw-page-title-main">Pinnacle Foods</span> Packaged foods company

Pinnacle Foods, Inc., is a packaged foods company headquartered in Parsippany, New Jersey, that specializes in shelf-stable and frozen foods. The company became a subsidiary of Conagra Brands on October 26, 2018.

<span class="mw-page-title-main">Del Monte Foods</span> North American food production and distribution company

Del Monte Foods Inc. is an American food production and distribution company and subsidiary of NutriAsia, headquartered in Walnut Creek, California. Del Monte Foods is one of the largest producers, distributors and marketers of branded processed food for the U.S. retail market, generating approximately $1.73 billion of annual sales. Its portfolio of brands includes Del Monte, S&W, Contadina, College Inn, Kitchen Basics, Joyba, and Take Root. Greg Longstreet is the current Chief Executive Officer of Del Monte Foods. Several Del Monte products hold the number one or two market share position. The company also produces, distributes and markets private-label food.

Keurig Dr Pepper Inc., formerly Green Mountain Coffee Roasters (1981–2014) and Keurig Green Mountain (2014–2018), is a publicly traded American beverage and coffeemaker conglomerate with headquarters in Burlington, Massachusetts, and Frisco, Texas. Formed in July 2018, with the merger of Keurig Green Mountain and Dr Pepper Snapple Group, Keurig Dr Pepper offers over 125 hot and cold beverages. The company's Canadian business unit subsidiary operates as Keurig Dr Pepper Canada.

<span class="mw-page-title-main">Borden (company)</span> American food-product producer (1857–2001)

Borden, Inc., was an American producer of food and beverage products, consumer products, and industrial products. At one time, the company was the largest U.S. producer of dairy and pasta products. Its food division, Borden Foods, was based in Columbus, Ohio, and focused primarily on pasta and pasta sauces, bakery products, snacks, processed cheese, jams and jellies, and ice cream. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. By 1993, sales of food products accounted for 67 percent of its revenue. It was also known for its Elmer's and Krazy Glue brands.

<span class="mw-page-title-main">Baxters</span> Scottish food manufacturer

Baxters Food Group Limited, also known as Baxters of Speyside or Baxters, is a food processing company, based in Fochabers, Scotland. It produces foods such as canned soups, canned meat products, sour pickles, sauces, vinegars, antipasto, chutneys, fruit preserves and salad and meat condiments.

Princes Group is an international food and drink group involved in the manufacture, import and distribution of branded and customer own-brand products. Founded in 1880 and headquartered in the UK, and recently acquired by Newlat Food S.p.A.

<span class="mw-page-title-main">Ebro Foods</span> Food processing company

Ebro Foods, S.A., formerly Ebro Puleva, is a Spanish food processing company. Ebro Foods is the world's largest producer of rice and the second biggest producer of pasta. The company's head office is in Madrid.

Grupo Nutresa, formerly Grupo Nacional de Chocolates S.A.(in English: Chocolate National Group S.A.) is a Colombian multinational food processing conglomerate headquartered in Medellín.

<span class="mw-page-title-main">Ralcorp</span> Manufacturer of various food products

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. Ralcorp has its headquarters in the Bank of America Plaza in downtown St. Louis.

<span class="mw-page-title-main">Campbell Soup Company</span> American food manufacturer

The Campbell Soup Company, doing business as Campbell's, is an American company, most closely associated with its flagship canned soup products; however through mergers and acquisitions, it has grown to become one of the largest processed food companies in the United States with a wide variety of products under its flagship Campbell's brand as well as other brands including Pepperidge Farm, Snyder's of Hanover, V8, and Swanson. With its namesake brand Campbell's produces soups and other canned foods, baked goods, beverages, and snacks. It is headquartered in Camden, New Jersey.

<span class="mw-page-title-main">New World Pasta</span> American pasta manufacturer

The New World Pasta Company, a wholly owned subsidiary of Ebro Foods, was a retail branded pasta manufacturer headquartered in Harrisburg, Pennsylvania. The company was formed in 1999 when the Hershey Company's pasta business was divested to a private equity group. After its formation, New World Pasta acquired the four remaining brands of Borden's pasta business in July 2001 that the American Italian Pasta Company had not purchased a month earlier. New World Pasta declared bankruptcy in 2004. In 2006 it was acquired by Ebro Puleva S.A., a food company based in Spain.

<span class="mw-page-title-main">RFM Corporation</span> Philippine food and beverage company

RFM Corporation is a publicly listed food and beverage company in the Philippines. RFM is a manufacturer of flour and flour-based products, milk, juice drinks, and ice cream. As of June 2013, RFM had an asset base of P12 billion and a total market capitalization of P17.1 billion.

<span class="mw-page-title-main">International Home Foods</span> American branded foods company

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.

<span class="mw-page-title-main">Post Holdings</span> American consumer packaged goods holding company

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.

<span class="mw-page-title-main">B&G Foods</span> American branded foods holding company

B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.

References

  1. ↑ "Company Info: TreehouseFoods Inc". WSJ.com. Dow Jones & Company Inc. Retrieved 28 September 2023.
  2. 1 2 "Behind the Brand: TreeHouse Foods". Seattle Times. Retrieved 31 March 2014.
  3. ↑ Hargrave, Marshall (2014-03-26). "There Is Money To Be Made In Store Brand Foods". Motley Fool. Retrieved 31 March 2014.
  4. ↑ Watson, Elaine (8 November 2013). "TreeHouse Foods cashes in as consumers opt for premium private label single-serve coffee, tea". Food Navigator. Retrieved 31 March 2014.
  5. 1 2 3 4 5 6 7 Fusaro, Dave (30 November 2010). "2010 Processor of the Year: Treehouse Foods". Food Processing. Retrieved 31 March 2014.
  6. ↑ Thain, Greg (2012). Store Wars: The Worldwide Battle for Mindspace and Shelfspace. Wiley. ISBN   978-1-118-37406-1.
  7. ↑ "Food Processing's Top 100". Food Processing. Retrieved 2 July 2017.
  8. ↑ "TreeHouse Foods". Fortune. Retrieved 2018-12-30.
  9. ↑ "TreeHouse Foods Company Profile". Fortune. Retrieved 2020-05-31.
  10. 1 2 3 4 5 6 "History". TreeHouse Foods. Archived from the original on April 15, 2016. Retrieved 31 March 2014.
  11. ↑ "Obama's Wife Quits Post On TreeHouse Foods Board". www.cnbc.com. 23 May 2007. Retrieved 25 February 2019.
  12. ↑ "TreeHouse Foods Announces Expansion of Voluntary Recall to Include All Waffle and Pancake Products Due to the Potential for Listeria monocytogenes Contamination". October 22, 2024.
  13. ↑ Waterhouse, Gail. "Cains Foods sold for $35 Million to TreeHouse Foods". The Boston Globe. Retrieved 31 March 2014.
  14. ↑ "TreeHouse Foods, Inc Completes Acquisition of Cains Foods L.P." Reuters. Archived from the original on 31 December 2013. Retrieved 31 March 2014.
  15. ↑ "TreeHouse Foods to buy Associated Brands". Chicago Business Journal. Retrieved 31 March 2014.
  16. ↑ "TreeHouse Foods (THS)/Michael Foods Deal Has Limited Potential". StreetInsider.com. Retrieved 31 March 2014.
  17. 1 2 Oran, Olivia (2014-03-19). "TreeHouse Foods joins list of Michael Foods Suitors". Reuters. Retrieved 31 March 2014.
  18. ↑ Calia, Michael (21 April 2014). "TreeHouse Foods to Buy Protenergy Natural Foods". Wall Street Journal. Retrieved 11 May 2014.
  19. ↑ "TreeHouse Foods Buying Flagstone Foods for $860M". ABC NEWS. Retrieved 30 June 2014.
  20. ↑ "TreeHouse Foods acquiring health snack maker Flagstone Foods for $860 mn". Minneapolis News.Net. Retrieved 2 July 2014.
  21. ↑ Wang, Selina (30 June 2014). "TreeHouse Foods to Buy Flagstone for $860 Million". Bloomberg.com. Retrieved 2016-03-08.
  22. ↑ "TreeHouse Foods to Acquire Flagstone Foods for $860 million". www.prnewswire.com. Retrieved 2016-03-08.
  23. ↑ Xu, Jodi. "TreeHouse Foods Said to Weigh Acquisition of Flagstone Foods". Business Week. Archived from the original on May 27, 2014. Retrieved 14 May 2014.
  24. ↑ Finance.yahoo.com: "TreeHouse Foods acquisition of Ralcorp from ConAgra Foods", November 2015.
  25. ↑ PRNewswire: "TreeHouse Foods Completes Acquisition of Majority of Ebro's Riviana Foods U.S. Branded Pastas", December 2020.
  26. ↑ "TreeHouse closes acquisition of Sturm Foods". Milwaukee Business Journal. Retrieved 2019-02-25.
  27. ↑ Gelski, Jeff. "TreeHouse on the lookout for acquisitions". Food Business News. Retrieved 11 May 2014.
  28. ↑ Parker, Jennifer. "Michelle Obama Cuts Ties with Controversial Wal-Mart Supplier". ABC News. Retrieved 31 March 2014.
  29. ↑ "TreeHouse Foods Profile". Forbes. Retrieved 31 March 2014.
  30. ↑ "TreeHouse Foods, Inc". The New York Times. Retrieved 31 March 2014.
  31. ↑ Solon, Olivia (2014-03-04). "Trouble brewing as company adds 'DRM' to coffee". Wired. Retrieved 31 March 2014.
  32. ↑ "TreeHouse Sues Green Mountain Coffee for Anti-Competitive Product". Reuters. 2014-02-11. Retrieved 31 March 2014.
  33. ↑ Lindeman, Teresa. "Sales rise and profit falls at TreeHouse Foods". Pittsburgh Post-Gazette. Retrieved 31 March 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.