Announced
Financials
Tags
Friendly
Pending
United States
Acquisition
Infrastructure
Domestic
Food Products
Majority
Private
Single Bidder
coffee products
Synopsis
TreeHouse Foods, a multinational food processing company, agreed to acquire the Northlake, Texas, coffee facility of Farmer Brothers, an American coffee foodservice company based in Northlake, Texas, for $100m. "The state-of-the-art Northlake facility strengthens TreeHouse Foods' category depth in coffee as a focused, private label leader and is consistent with our strategy to pursue opportunities that drive category growth and deliver attractive financial returns. As we continue to execute our long-term growth initiatives, we're pleased to add new capabilities, particularly in roasting and grinding, which make us a more vertically integrated coffee manufacturer able to further penetrate this high growth, high margin category," Steve Oakland, TreeHouse Foods CEO and President.
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