Private equity firm to acquire TreeHouse Foods

Food processing company TreeHouse Foods will be acquired by private equity firm Investindustrial in a $2.9 billion cash transaction.

The transaction, unanimously approved by the TreeHouse Foods board and subject to shareholder and regulatory approval, is expected to close in the first quarter of 2026, according to a news release.

Illinois-based TreeHouse Foods, a private label manufacturer, announced a third-quarter loss of $265.8 million. The company sold its meal preparation business to Investindustrial in 2022 for $950 million.

“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,” TreeHouse CEO and president Steve Oakland said in the release. “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.”