TreeHouse Foods reveals sale of Lakeville, MN facility, snack bars business
The Minnesota facility has been part of the brand's network since 2016.
TreeHouse Foods, Inc. today announced that it entered into a definitive agreement to sell its Lakeville, MN manufacturing facility and snack bars business to John B. Sanfilippo & Son, Inc., maker of Fisher Nuts, for approximately $63 million in cash.
"The sale of our Lakeville facility and snack bars business is another example of our strategy in action to be a focused private label leader in high-growth and high-margin categories," said Steve Oakland, chairman, CEO, and president of TreeHouse Foods. "Importantly, we believe the business and its talented colleagues will be well positioned under John B. Sanfilippo & Son's ownership. We remain focused on deploying our capital in a manner that supports our long-term growth targets and enhances value creation for our shareholders."