Opérations et transactions|8 octobre 2013
TreeHouse Foods completes acquisition of Associated Brands
Torys acted as counsel to TorQuest Partners with a team that included Matthew Cockburn, Laurie Duke, Konata Lake and Stephen Abrahamson (M&A), Tyson Dyck (environmental), Jay Holsten (competition) and Saira Bhojani (tax).
On October 8, 2013, TreeHouse Foods, Inc. (TreeHouse) reported the completion of its previously announced acquisition of Associated Brands, a leading private label manufacturer of powdered drinks, specialty teas and sweeteners from TorQuest Partners and other shareholders. Pursuant to the terms of the agreement outlined on August 8, 2013, TreeHouse paid C$187 million (approximately US$180 million) in cash for the business.
The acquisition of Associated Brands stands to significantly strengthen TreeHouse's retail presence in private label dry grocery and introduce a line of specialty tea products to complement its fast growing single serve coffee business.
Associated Brands is a leading North American manufacturer and supplier of private label packaged food products that sells to almost all of the 50 largest North American food retailers.
TreeHouse Foods, Inc. is a U.S.-based food manufacturer servicing primarily the retail grocery and foodservice distribution channels.
TorQuest Partners is a Canadian-based manager of private equity funds, with more than C$1 billion of equity capital under management.
Further information can be found on Treehouse's website.
The acquisition of Associated Brands stands to significantly strengthen TreeHouse's retail presence in private label dry grocery and introduce a line of specialty tea products to complement its fast growing single serve coffee business.
Associated Brands is a leading North American manufacturer and supplier of private label packaged food products that sells to almost all of the 50 largest North American food retailers.
TreeHouse Foods, Inc. is a U.S.-based food manufacturer servicing primarily the retail grocery and foodservice distribution channels.
TorQuest Partners is a Canadian-based manager of private equity funds, with more than C$1 billion of equity capital under management.
Further information can be found on Treehouse's website.