Investindustrial, a private equity firm, agreed to acquire a majority stake in the meal preparation business from TreeHouse Foods, a private label manufacturer, for $950m. "We are delighted to add the divisions of TreeHouse Foods’ meal preparation business to our portfolio of leading private label food companies. We understand that success in the food business requires us to provide our customers with the best service as well as high quality products at a great value. With this acquisition, we will build on our reputation as an industry leader in customer excellence while continuing to improve service levels, product development, and operational efficiencies," Andrea C. Bonomi, Investindustrial Chairman.