Nov. 10 at 8:27 PM
TreeHouse Foods shares soared after the company agreed to be acquired in a
$2.9 billion take-private deal, marking the latest consolidation in the packaged food sector. The buyer, a private-equity consortium, will pay a premium for the company, which has struggled with cost pressures and slower private-label growth.
The transaction is expected to close in 2026, pending regulatory and shareholder approval. The deal underscores investor confidence in the long-term demand for private-label food products amid changing consumer spending patterns.
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