TorQuest Sells Associated Brands to TreeHouse for $187M

Toronto-based private equity firm TorQuest Partners has sold its portfolio company Associated Brands GP Corp., a manufacturer and supplier of private-label dry blend food and household products, to TreeHouse Foods Inc. (NYSE: THS) of Oakbrook, Ill., for $187 million. Canadian law firm Torys LLP advised TorQuest on the deal, which is expected to close in the third quarter. The Mississauga, Ontario-based Associated Brands has been backed by TorQuest since the firm's initial investment in 2005 and was taken private in a buyout in 2007. Last year, the company merged with North American Tea & Coffee and acquired Soluble Products.

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