TreeHouse Foods, Inc. Announces Acquisition of Private Brands Category Leader Harris Tea
Treehouse Foods, Inc. (THS)
Last treehouse foods, inc. earnings: 2/13 06:55 am
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US:NYSE Investor Relations:
treehousefoods.gcs-web.com/node/5806
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Source: PR Newswire
Reiterates 2024 GuidanceOAK BROOK, Ill., Dec. 2, 2024 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) ("the Company") today announced that it has signed a definitive agreement to acquire certain subsidiaries that operate the private brand tea business of Harris Freeman & Co, Inc. ("Harris Tea"), a leading private brand tea manufacturer in the U.S., for approximately $205 million, subject to customary purchase price adjustments."The acquisition of Harris Tea strengthens our competitive positioning in the fast-growing tea category and adds unique blending and sourcing capabilities that customers desire, building upon TreeHouse Foods' category leadership, enhancing our position through additional depth and scale," said Steve Oakland, Chairman, Chief Executive Officer, and President. "This acquisition aligns with our long-term strategy to build capabilities in our higher-growth, higher-margin categories," he added.The acquisition includes Harris Tea's manufacturing facilities in Moorest
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- TreeHouse Foods, Inc. (NYSE: THS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
THS
Earnings
- 11/12/24 - In-Line
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Sec Filings
- 12/20/24 - Form 8-K
- 12/2/24 - Form 8-K
- 11/14/24 - Form SC
- THS's page on the SEC website