What Does the Harris Tea Acquisition Signal for THS' Future? [Yahoo! Finance]
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: Yahoo! Finance
Valued at approximately $205 million, the acquisition is expected to conclude in the first quarter of 2025. The envisioned buyout aims to solidify TreeHouse Foods' position in the growing tea category while adding unique sourcing and blending capabilities. The move aligns with the company's strategic focus on higher-growth, higher-margin categories. By combining Harris Tea's expertise with its existing operations, the company is poised to capitalize on consumer demand for private-label tea products. Harris Tea brings significant value to TreeHouse Foods' portfolio. The acquisition includes Harris Tea's manufacturing facilities in Moorestown, NJ, and Marietta, GA, as well as nearly 300 employees. This vertical integration will bolster THS' existing tea operations, enhance profitability and strengthen customer offerings. The purchase price represents 8.5x trailing twelve-month adjusted EBITDA and drops to 6.5x after accounting for synergies and net present value of projected tax b
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News
- Why Is TreeHouse (THS) Up 7.3% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- TreeHouse Foods, Inc. (NYSE: THS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Q3 Earnings Outperformers: TreeHouse Foods (NYSE:THS) And The Rest Of The Shelf-Stable Food Stocks [Yahoo! Finance]Yahoo! Finance
- ProAmpac and TreeHouse Foods: A Recipe for ESG Excellence [Yahoo! Finance]Yahoo! Finance
- 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
THS
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