Whether you’re in a grocery store or a foodservice cafeteria, you’ve probably laid hands on a Treehouse product. This Westchester, Illinois food manufacturer is a leading producer of pickles and related products, in addition to non-dairy powdered coffee creamer. Their products include private-label soups, salsa and Mexican sauces, infant feeding products, and refrigerated salad dressings, among others.
Treehouse lists on the NYSE as part of the Processed and Packaged Goods sector and has a market cap of $717.6M. They continue to explore private label food and beverage ventures as they seek to gain additional share of this $38B sector. The company began in 2005 as an outgrowth of its key operating company, Bay Valley Foods. Treehouse dates back to 1862, when Alart and McGuire began their pickle business. Today, Bay Valley is the largest producer of pickles, soups, and non-dairy creamers in America.
Since becoming an independent public company in 2005, Treehouse acquisitions include the soup and infant feeding business of Del Monte Foods, and the San Antonio Farms’ salsa and picante business. Sam K. Reed and his team of six experienced food industry professionals lead the company. Mr. Reed’s food industry experience includes time with Kellogg’s and Keebler Foods.
In late 2007, Treehouse Foods announced their purchase of E.D. Smith Income Fund. E.D. Smith gives Treehouse even more reputable product lines, as E.D. Smith is the leading supplier of private label salad dressings in Canada and the U.S. They also produce and market branded jams, jellies, pie fillings, and other private label products in Canada.
With their executive team and their over 100 years of combined food industry experience, Treehouse is poised for even greater growth. They continue to look for existing businesses with quality products to complement their own. Treehouse sees great opportunity in the foodservice channel in the coming years and their management team is proceeding with innovative products to serve this food industry segment.
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