TreeHouse Foods to Be Acquired in $2.9 Billion Take-Private Deal. The Stock Surges.

TreeHouse Foods agreed to be acquired by Investindustrial, a European investment firm. (Courtesy of TreeHouse Foods, Inc.)

Key Points

• TreeHouse Foods will be taken private by Investindustrial in a $2.9 billion all-cash transaction.
• Shareholders will receive $22.50 a share in cash and one contingent value right per share.
• The deal is expected to close in the first half of 2026, after which the stock will delist from the NYSE.

TreeHouse Foods said Monday it had agreed to be taken private by Investindustrial, a European investment firm, in an all-cash transaction that values the food processing company at $2.9 billion.

Under the terms of the deal, TreeHouse Foods shareholders will receive $22.50 a share in cash for each share of common stock owned at closing, representing an equity value of $1.2 billion. Holders also will receive one contingent value right per share, which will allow them to receive proceeds from litigation relating to part of TreeHouse Foods’ coffee business.

The take-private deal is expected to close in the first half of 2026, after which the company’s stock will no longer be listed on the New York Stock Exchange.

Shares surged 21% to $23.14 following the announcement. The benchmark S&P 500 index gained 1.2%.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com