Atlas Holdings Acquires TreeHouse Foods' Snacks Division (Flagstone Foods)
July 12, 2019
Atlas Holdings has completed the acquisition of the Snacks Division of TreeHouse Foods for $90 million, establishing the business as Flagstone Foods headquartered in Minneapolis. The division, a leading private-label manufacturer and distributor of nuts, trail mixes and dried fruit with more than 800 associates and multiple U.S. plants, was sold as part of TreeHouse's plan to pay down debt and refocus its business.
- Buyers
- Atlas Holdings LLC
- Targets
- Flagstone Foods
- Sellers
- TreeHouse Foods, Inc.
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Transaction Type
- Divestiture
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