TreeHouse Foods (THS) Prelim. Q1 Revs Top Expectations; Profit Outlook Affirmed
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TreeHouse Foods (THS) to Acquire Protenergy Natural Foods in ~$150M Deal
April 21, 2014 7:05 AM EDTTreeHouse Foods (NYSE: THS) announced that it will acquire Protenergy Natural Foods, an industry leading 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 CAD $170 million (approximately US $150 million) in cash for the business, subject to an adjustment for working capital.
The Company expects the transaction to have approximately $0.05 to $0.07 EPS impact on 2014 earnings and add approximately $0.11 to $0.14 in EPS in 2015. The transaction is expected to close late in the second quarter of... More
