TreeHouse Foods: Protenergy Natural acquisition to be accretive to EPS in FY15 TreeHouse Foods announced the completion of the previously announced acquisition of Protenergy Natural Foods, an industry leading developer and manufacturer of premium quality food and beverage products, namely private label broth, soups and gravies. Protenergy Natural Foods had sales of approximately CAD $130M for the twelve months ended December 31, 2013. TreeHouse paid CAD $170M in cash for the business, subject to an adjustment for working capital, and financed the transaction under its existing credit facility. The company confirmed that the transaction is expected to have approximately 5c-7c impact on 2014 earnings per share and to add approximately 11c-14c in EPS in 2015.
News For THS From The Last 14 Days
Check below for free stories on THS the last two weeks.