Deals
TreeHouse Foods to Buy Snackmaker Flagstone for $860 Million
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TreeHouse Foods Inc., a maker of private-label foods for retailers, agreed to buy Flagstone Foods for $860 million in cash to expand in healthy snacks such as dried fruits.
The deal will add 24 cents to 28 cents to per-share earnings in the first year after completion, Oak Brook, Illinois-based TreeHouse said in a statement today. The final price paid to private-equity firm Gryphon Investors and other Flagstone investors is subject to a working-capital adjustment.