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Investindustrial to Pay $950 Million for TreeHouse Prep Unit

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Investindustrial's Bonomi on TreeHouse Deal, Growth Strategy
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Private equity firm Investindustrial has agreed to acquire a significant portion of TreeHouse Foods Inc.’s meal-prep business for $950 million.

The business, which operates 14 manufacturing facilities in the US, Canada and Italy plus 19 distribution centers, is expected to generate about $1.6 billion in net sales this year and earnings before interest, taxes, depreciation and amortization of $70 million, according to a statement Thursday.