TreeHouse Foods Agrees To Acquire Farmer Brothers' Northlake, Texas Coffee Facility
Portfolio Pulse from Benzinga Newsdesk
TreeHouse Foods has agreed to acquire Farmer Brothers' Northlake, Texas coffee facility and its non-Direct Store Delivery coffee business (Direct Ship) for approximately $100 million. The transaction is expected to close within the next 60 days.
June 07, 2023 | 10:57 am
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TreeHouse Foods is acquiring Farmer Brothers' Northlake coffee facility and Direct Ship business for $100 million, potentially expanding its product offerings and market reach.
The acquisition of Farmer Brothers' coffee facility and Direct Ship business will likely have a positive impact on TreeHouse Foods' stock price in the short term. The deal, valued at $100 million, will potentially expand TreeHouse Foods' product offerings and market reach, which could lead to increased revenues and growth for the company.
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