Investindustrial to acquire TreeHouse Foods for $2.9bn.

Investindustrial, a private equity firm that invests in the industrial manufacturing, consumer services, retail, leisure and business services sectors, agreed to acquire TreeHouse Foods, a food manufacturer servicing primarily the retail grocery and foodservice distribution channels, for $2.9bn. "TreeHouse Foods has been executing a strategy to become a focused snacking and beverage private brand leader with depth in categories, attractive long-term prospects and an agile operating model. Our agreement with Investindustrial, a leading European investor with a strong track record in food manufacturing and related sectors, will provide shareholders with immediate cash value, at a substantial premium. I am incredibly grateful to the entire TreeHouse Foods team for helping us reach this milestone, and we look forward to partnering with Investindustrial to position TreeHouse Foods for continued success in its next chapter," Steve Oakland, TreeHouse Foods Chairman, Chief Executive and President.