OAK BROOK, ILL. — TreeHouse Foods, Inc. agreed to buy the Bick’s pickle, Habitant pickled beet, Woodman horseradish and McLarens pickled onion brands from JM Smucker Co., Orrville, Ohio, for about $20 million.
“This asset purchase is consistent with our strategy and increases TreeHouse Foods’ depth in our growing pickles category, allowing us to expand into Canada and positioning TreeHouse for continued success,” said Steven T. Oakland, president, chief executive officer and president of the company. TreeHouse Foods. “We have had a co-packing arrangement with Bick’s Pickles for several years and we are delighted to have linked this activity to our production network.”
According to Smucker, the brands included in the transaction generated net sales of approximately $60 million in the last fiscal year. The brands are part of the International and Away From Home business units.
“This decision will allow us to increase our focus on growing our position in the coffee, spreads, frozen craft and pet categories in Canada with leading and emerging brands such as Folgers, Smucker’s, Jif, Smucker’s Uncrustables, Meow Mix and Milk -Bone and supporting continued leadership in the baking category with our Robin Hood, Five Roses, Carnation and Eagle brands,” said Tim Wayne, Senior Vice President and General Manager, Away From Home, Canada and International. “On behalf of the organization, I would like to thank the employees who have diligently supported these brands, which have played an important role in our Canadian portfolio.”
The transaction is expected to close in the fourth quarter of TreeHouse’s current fiscal year, subject to customary closing conditions.
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