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TreeHouse acquires private label soup maker
date:Apr 22, 2014
TreeHouse Foods, Inc. has agreed to acquire Protenergy Natural Foods, a maker of private label soups, for C$170 million (approximately $150 million) in cash from Whitecastle Investments Ltd., Whitecap Venture Partners and others.

With 2013 sales of approximately C$130 million, Richmond Hill, Ont.-based Protenergy specializes in carton and recart broth, soups and gravies for private label and corporate brands and co-manufactures products for large national brands.

The transaction is expected to

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