TreeHouse Foods To Hire Additional Omaha-based ConAgra Private Brands Employees

Over 280 Omaha employees expected to join TreeHouse following acquisition of ConAgra Private Brands

Jan 13, 2016, 16:05 ET from TreeHouse Foods

OAK BROOK, Ill., Jan. 13, 2016 /PRNewswire/ -- TreeHouse Foods (NYSE: THS) announced today that it will hire an additional 140 permanent employees from ConAgra, doubling the previously planned Omaha employee base. In total, 9,500 employees, including more than 280 Omaha-based employees, are expected to transition to TreeHouse from ConAgra Private Brands upon the close of the sale in Q1 2016. TreeHouse is committed to retaining skilled employees familiar with the private label food business who will aid in facilitating a smooth integration of the combined company.

TreeHouse also announced today that it will open a new office facility in Omaha, Neb., later this year. Site selection is underway now with the exact office location still to be finalized. Key functions to support ConAgra Private Brands' customers will be housed in Omaha and will include Customer Service, Finance, Information Technology, Research & Development and Supply Chain.

"This will mark TreeHouse's first office location in Omaha and will allow us to have all of our new Omaha-based employees together in one building. We recognize that customer service and business infrastructure are critical to serve existing customers and to drive the success of the business," said Sam K. Reed, Chairman and Chief Executive Officer of TreeHouse Foods.

"Our transformational acquisition will establish an industry leader in customer brands and custom products with significant scale, scope and skill and will enable us to extend our reach in the grocery store by over 10 shelf stable and refrigerated food categories. Importantly, the combination will also strengthen our ability to support our customers' efforts to build their corporate brands and offer consumers the best combination of choice and value. We're thrilled to welcome all of our new team members from ConAgra Private Brands to the TreeHouse family and look forward to learning from and working with our new colleagues when the transaction is complete," Mr. Reed continued.

TreeHouse Foods will continue to be headquartered in Oak Brook, Ill. Upon close, in addition to TreeHouse's current offices, the company will also maintain a strong presence in Downers Grove, Ill., and St. Louis, Mo., with approximately 150 and 240 employees based in these locations, respectively. The combined company will have more than 50 manufacturing facilities and more than 16,000 employees.

ABOUT TREEHOUSE FOODS
TreeHouse is a manufacturer of packaged foods and beverages with 24 manufacturing facilities across the United States and Canada that focuses primarily on private label products for both retail grocery and food away from home customers. We manufacture a variety of shelf stable, refrigerated and fresh products, including pickles, soups, snacks, salad dressings, sauces, dry dinners, hot cereals, single serve hot beverages and beverage enhancers. We have a comprehensive offering of packaging formats and flavor profiles, and we also offer natural, organic and preservative free ingredients in many categories. Our strategy is to be the leading supplier of private label food and beverage products by providing the best balance of quality and cost to our customers.

Additional information, including TreeHouse's most recent statements on Forms 10-Q and 10-K, may be found at TreeHouse's website, http://www.treehousefoods.com.

FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by the use of words such as "will," "may," "should," "could," "expects," "seek to," "anticipates," "plans," "believes," "estimates," "intends," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology.  These statements are only predictions.  The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause TreeHouse or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  TreeHouse's Form 10-K for the year ended December 31, 2014, and other filings with the SEC, discuss some of the factors that could contribute to these differences.  You are cautioned not to unduly rely on such forward-looking statements, which speak only as of the date made, when evaluating the information presented in this press release.  TreeHouse expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, to reflect any change in its expectations with regard thereto, or any other change in events, conditions or circumstances on which any statement is based.

 

SOURCE TreeHouse Foods



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