Treehouse Foods Closes Buyout Of Farmer Brothers' Certain Assets
Portfolio Pulse from Lekha Gupta
Treehouse Foods, Inc. (THS) has completed the acquisition of certain assets from Farmer Brothers Company (FARM) for $100 million. The assets include FARM's Northlake, Texas, coffee facility and non-Direct Store Delivery coffee business. The acquisition is expected to enhance THS's single-serve pod and ready-to-drink coffee businesses and its private-label coffee offerings. THS financed the acquisition through its revolving credit facility and acquired around $30 million of inventory. The company plans to retain around 180 FARM employees at the facility.
July 03, 2023 | 10:48 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
FARM has sold certain assets to THS for $100 million. The impact on FARM's business and stock price will depend on how the company uses the proceeds from the sale.
FARM has sold certain assets to THS for $100 million. The impact on FARM's business and stock price will depend on how the company uses the proceeds from the sale. If the proceeds are used effectively, it could potentially have a positive impact on the company's financial performance and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The acquisition of FARM's assets is expected to enhance THS's coffee business and its private-label offerings. This could potentially lead to increased revenues and profitability for the company.
The acquisition of FARM's assets, particularly its coffee facility and non-Direct Store Delivery coffee business, is expected to enhance THS's coffee business and its private-label offerings. This could potentially lead to increased revenues and profitability for the company, which would likely have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100