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TreeHouse takes root in growing market

Aug 08, 2013 - The Deal Pipeline
Mergers and Acquisitions-Financial Results

Oak Brook, Ill., food products manufacturer TreeHouse Foods Inc. said Thursday it will acquire powdered drinks, specialty teas and sweetener maker Associated Brands GP Corp. from TorQuest Partners LLC and other shareholders for C$187 million ($179.7 million) in cash.

TreeHouse said the deal will expand its retail presence in the private-label dry grocery space and will introduce a line of specialty tea products to complement its single-serve coffee business.

Associated, based in Miss...