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TreeHouse Foods to acquire Flagstone Foods

TreeHouse Foods to acquire Flagstone Foods TreeHouse Foods, Inc. announced plans this week to acquire Flagstone Foods, a provider of private label healthy snacks, for $860 million.

TreeHouse representatives said they hope Flagstone will help them develop as a leader in a trending and high-growth healthy snack industry. The company expects annual sales to increase by $750 million following the acquisition.

Headquartered in Minnesota, Flagstone specializes in trail mix and dried fruit products.

"Flagstone Foods is ideally situated at the intersection of health and wellness, snacking and the perimeter of the store, and represents an attractive new platform for TreeHouse to enter the on-trend, rapidly growing $7.1 billon healthy snacks category,” said Sam Reed, chairman, president and CEO of TreeHouse.

TreeHouse products include non-dairy powdered creamers and sweeteners; condensed, ready-to-serve and powdered soups; and refrigerated and shelf-stable salad dressings and sauces.

The transaction is expected to be finalized by the third quarter of 2014.

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.