Riverbend Foods LLC, backed by Insight Equity, has reached a deal to acquire the soup and infant feeding business of TreeHouse Foods Inc. (NYSE: THS). TreeHouse is divesting the division in order to focus on strategic growth initiatives and its private-label capabilities.
TreeHouse, headquartered in Oak Brook, Illinois, manufactures packaged, private-label foods and beverages for retail grocery and “food away from home” customers. The target’s soup and infant feeding business produces soups, broths, gravies and infant feeding products sold in cans, jars and Tetra Recart cartons. Treehouse, founded in 2005, has more than 50 manufacturing facilities across the U.S., Canada and Italy. The target manufactures frozen and fresh serve beverage, teas, smoothies, cereal, pasta, dough, cookies, crackers, condiments, and healthy snacks such as trail mix and dried fruits.