TreeHouse Foods Purchases Aseptic Cheese, Pudding Unit from Associated Milk Producers
TreeHouse Foods, Inc., Oak Brook, Ill., acquired assets of the aseptic cheese and pudding business from Associated Milk Producers Inc. (AMPI), a dairy marketing cooperative based in New Ulm, Minn. Terms of the transaction were not disclosed, but are not expected to have a material effect on TreeHouse's results. The business sells products to foodservice and retail customers, and will be integrated into the company's existing Bay Valley Foods aseptic operation, which also produces cheese and pudding products primarily for its Food Away From Home segment.
"The addition of AMPI's aseptic cheese and pudding business will strengthen Bay Valley Foods' position as a market leader in these product categories and will expand our relationships with strategic customers," says Sam Reed, chairman, president and CEO. "Together with the acquisition of Naturally Fresh, we have added approximately $100 million of annualized sales in 2012 with products that greatly complement our existing portfolio."