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New Deal


Announced

Completed

TreeHouse Foods completed the acquisition of pickle branded assets from The JM Smucker Company for $20m.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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pickled food

Food Products

Domestic

Friendly

Single Bidder

United States

Private

Acquisition

Majority

Completed

Synopsis

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TreeHouse Foods, a private-label food and beverage manufacturer in North America, completed the acquisition of pickle branded assets from The JM Smucker Company, a company that manufactures and markets food products on a worldwide basis, for $20m. "This acquisition of assets is consistent with our strategy and enhances TreeHouse Foods' depth in our growing pickles category, allowing us to expand into Canada and thus positioning TreeHouse for continued success. We have had a co-packing arrangement with Bick's® pickles for many years and we are pleased to integrate this business with our manufacturing network," Steve Oakland, TreeHouse Foods Chairman, CEO and President.

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