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April 21, 2014
07:02 EDTTHSTreeHouse Foods to acquire Protenergy Natural Foods for $150M
TreeHouse Foods announced that it will acquire Protenergy Natural Foods, a developer and manufacturer of premium quality food and beverage products, namely private label broth, soups and gravies. TreeHouse has agreed to pay Whitecastle Investments Limited, Whitecap Venture Partners and others approximately $150M in cash for the business, subject to an adjustment for working capital. The company expects the transaction to have approximately 5c-7c EPS impact on 2014 earnings and add approximately 11c-15c in EPS in 2015. The transaction is expected to close late in the second quarter, subject to the satisfaction of customary closing conditions, and will be financed through borrowings under TreeHouse's existing credit facility. Protenergy had 2013 sales of approximately C$130M for the twelve months ended December 31, 2013. Following the acquisition, TreeHouse anticipates pro forma 2014 sales of approximately $2.7B and adjusted EBITDA of approximately $385M.
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May 28, 2015
18:17 EDTTHSAmazon plans to offer its own brand of grocery items, WSJ says
Amazon (AMZN) plans to expand its private-label Element brand to include grocery items such as cereal, baby food, and milk, reports The Wall Street Journal, citing people familiar with the matter. The Journal notes that earlier this month, the company applied for trademarks for over 24 categories under the Elements brand, including water, pasta, coffee, and soup. Sources said Amazon has approached certain private-label food makers -- including TreeHouse Foods (THS) -- regarding partnerships. Reference Link
11:47 EDTTHSTreeHouse management to meet with William Blair
Meetings to be held in Canada June 2-3 hosted by William Blair.
07:29 EDTTHSCitigroup to hold a conference
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May 26, 2015
20:51 EDTTHSCitigroup to hold a conference
Global Consumer Conference is being held in New York on May 27-28.

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