TreeHouse Foods, Inc. (THS)

TreeHouse Foods, Inc. was a manufacturer of private label food and beverage products headquartered in Oak Brook, Illinois. The company was created in 2005 when Dean Foods spun off its specialty foods business, and its shares began trading on the New York Stock Exchange under the symbol THS. Some of its operations trace back to businesses with a much older history.

TreeHouse produced products sold under retailers' own brands and for foodservice customers, covering categories such as pickles, sauces, dressings, soups, broths, powdered drinks, pasta, snack items, baking products and beverages. Its customers included large grocery chains, mass merchants and club stores, as well as foodservice distributors and co-manufacturing partners. In its later years, it reported results in meal preparation and snacking and beverages segments.

The company grew through a series of acquisitions, including E.D. Smith, Sturm Foods, Flagstone Foods and Protenergy's broth and beverage operations, and in 2016 it purchased the private brands business of ConAgra Foods. The scale of that deal made TreeHouse one of the largest private label food suppliers in North America, but integration and operating challenges followed.

In the years after that acquisition, TreeHouse restructured its operations, closed plants and sold or exited weaker businesses, including its ready-to-eat cereal, pasta and other product lines, while concentrating on categories with greater potential. It was also involved in litigation related to its former coffee business. These actions occurred alongside inflation in input costs and shifting retailer and consumer behavior.

In November 2025, TreeHouse announced an agreement to be acquired by Investindustrial, a European investment group, in an all-cash transaction with an enterprise value of about $2.9 billion. The offer was $22.50 per common share, plus one non-transferable contingent value right, representing a 38 percent premium to the September 26, 2025 closing price. The CVR would pay holders certain net proceeds, if any, recovered from the Green Mountain Coffee Roasters litigation.

Investindustrial announced completion of the acquisition on February 11, 2026. An Investindustrial subsidiary merged into TreeHouse, which continued as the surviving corporation and became a private company. TreeHouse common stock was removed from the New York Stock Exchange, and a Form 25 was filed on February 11, 2026.

For TreeHouse, the transaction meant leaving the public markets after about twenty years of listing, during which it had been among the largest suppliers of store-brand foods in North America. The CVR is a contractual right and is not listed on an exchange. Investindustrial said its investment would support TreeHouse's operations and customer relationships as a private company.