Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

TreeHouse to Buy Protenergy for $154 Million to Add Soups

April 21 (Bloomberg) -- TreeHouse Foods Inc., a maker of house-brand foods for retailers, agreed to buy Protenergy Natural Foods for about C$170 million ($154 million) to add soups and broths.

The cash deal with Protenergy’s owners, including Whitecastle Investments Ltd., is expected to close in the second quarter and will be funded by borrowing under an existing credit facility, Oak Brook, Illinois-based TreeHouse said today in a statement.

TreeHouse is gaining a maker of broths, soups and gravies sold both under private labels and for corporate brands. The company has about 300 employees and facilities in Richmond Hill, Canada, and Cambridge, Maryland. The acquisition will add $200 million in revenue and boost per-share earnings this year by 5 cents to 7 cents.

TreeHouse rose 1.3 percent to $73.07 at the close in New York. The shares have gained 6 percent this year, compared with a 1.3 percent gain for the Standard & Poor’s 500 Index.

To contact the reporter on this story: Kevin Orland in Chicago at

To contact the editors responsible for this story: Kevin Orland at Kevin Miller

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.