What Does the Harris Tea Acquisition Signal for THS' Future?

TreeHouse Foods, Inc. (THS) has entered into a definitive agreement to acquire select subsidiaries of Harris Freeman & Co., Inc. ("Harris Tea"), a top private brand tea manufacturer in the United States. Valued at approximately $205 million, the acquisition is expected to conclude in the first quarter of 2025.The envisioned buyout aims to solidify TreeHouse Foods’ position in the growing tea category while adding unique sourcing and blending capabilities. The move aligns with the company's strategic focus o ...