TreeHouse closes $170 mln buy of PE-backed Protenergy Natural Foods
TreeHouse Foods Inc (NYSE: THS) has closed its $170 million buy of Protenergy Natural Foods Corp, a Richmond, Ontario-based manufacturer of food and beverage products, such as private label broths, soups and gravies. TreeHouse said the deal is expected to have a US$0.05 to US$0.07 impact on its 2014 earnings per share. The sellers in the deal were Canadian private equity firm Whitecastle Investments, the firm's partnership Whitecap Venture Partners, and other investors. Protenergy is also a portfolio company of Canadian alternative assets investor Kensington Capital Partners. Based in Toronto, Whitecastle is a family-owned investment vehicle.
2 June 2014•3 mins read
