TreeHouse Foods Inc. (NYSE: THS) is set to acquire Canadian drink company Associated Brands GP Corp. from Canadian private equity firm TorQuest Partners Inc. for roughly $180 million.

The Oak Brook, Ill.-based buyer was the winning bidder in a sale process run by BMO Capital Markets Corp. Headquartered in Ontario, Associated Brands manufactures and supplies to supermarkets and other retailers a variety of dry blend food products, including flavored drink mixes, such as iced tea and hot chocolate, as well as dessert mixes, soups, bouillon and sweeteners.

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