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TreeHouse Foods sells snack bar business, facility to John B. Sanfilippo & Son

The food firm’s Lakeville, MN facility was sold for approximately $61 million in cash.

TreeHouse Foods, Inc. has announced that it has completed the sale of its Lakeville, MN manufacturing facility and snack bars business to John B. Sanfilippo & Son, Inc. for approximately $61 million in cash. The sale initially was announced in early September.

The Lakeville, MN manufacturing facility produces a range of private-label snack bar products, including fruit and grain, chewy, crunchy, and protein bars. The facility had been part of the TreeHouse Foods network since the company's acquisition of the Private Brands business in 2016.

The snack bars business was not expected to contribute positive adjusted EBITDA in fiscal year 2023.

Within the terms of the transaction, the private label snack bars business; Lakeville, MN, manufacturing facility; customer relationships; and approximately 400 Lakeville-based employees have transitioned to John B. Sanfilippo & Son, Inc.

KEYWORDS: acquisition John B. Sanfilippo & Son snack bars TreeHouse Foods, Inc.

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Jenni Spinner is the chief editor of Snack Food and Wholesale with more than 25 years of experience in business-to-business communications. She has written extensively about food production, safety and packaging; pharmaceutical drug development; concrete and masonry construction; and more. She holds a Bachelor’s in Communications from the University of Illinois. Jenni can be reached at spinnerj@bnpmedia.com.