TreeHouse Foods, Inc. has recently announced that it has signed a definitive agreement with The J.M. Smucker Co. to purchase the Bick’s pickles, Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands for approximately $20 million, subject to a working capital adjustment.

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“This acquisition of assets is consistent with our strategy and enhances TreeHouse Foods’ depth in our growing pickles category, allowing us to expand into Canada and thus positioning TreeHouse for continued success,” stated Steve Oakland, Chairman, Chief Executive Officer & President of TreeHouse Foods. “We have had a co-packing arrangement with Bick’s pickles for many years and we are pleased to integrate this business with our manufacturing network.”

The brands included in the transaction generated net sales of approximately $60 million for The J.M. Smucker Co. in its latest fiscal year. The transaction is expected to close in the fourth quarter of the Company’s current fiscal year, subject to customary closing conditions.

About TreeHouse Foods

TreeHouse Foods, Inc. is a leading private label food and beverage manufacturer in North America. Our purpose is to engage and delight – one customer at a time. Through our customer focus and category experience, we strive to deliver excellent service and build capabilities and insights to drive mutually profitable growth for TreeHouse and our customers. Our purpose is supported by investment in depth, capabilities and operational efficiencies, which are aimed to capitalize on the long-term growth prospects in the categories in which we operate.

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