Investindustrial Completes Acquisition of TreeHouse Foods

Core Viewpoint - Investindustrial has successfully completed the acquisition of TreeHouse Foods for a total enterprise value of $2.9 billion, marking a significant transaction in the food and beverage sector [1]. Acquisition Details - TreeHouse Foods shareholders will receive $22.50 per share in cash and one contingent value right (CVR) per share, with the CVR linked to potential proceeds from ongoing litigation [1]. - The cash consideration represents an equity value of $1.2 billion, reflecting a 38% premium over TreeHouse Foods' closing share price on September 26, 2025, and a 29% premium to the company's 30-day volume-weighted average share price on the same date [1]. Company Transition - Following the acquisition, TreeHouse Foods will no longer be listed on the New York Stock Exchange and will operate as a private company [1]. Advisory and Legal Support - Goldman Sachs & Co. LLC acted as the financial advisor for TreeHouse Foods, while Lazard, RBC Capital Markets, and Deutsche Bank provided financial advisory services to Investindustrial [1]. - Legal counsel for TreeHouse Foods was provided by Jones Day, and Investindustrial was represented by Skadden, Arps, Slate, Meagher & Flom LLP [1]. Company Background - TreeHouse Foods is a leading manufacturer of private brands in the snacking and beverage sector in North America, focusing on customer engagement and operational efficiencies to drive growth [1]. - Investindustrial is a prominent European investment group with €17 billion in raised fund capital, emphasizing sustainability and mid-market company support [1].