Frutarom, Treehouse acquisitions complete

8 Feb 2016

Two previously announced acquisitions were completed last week, with Futarom closoing its purchase of Wiberg and TreeHouse Foods completing its deal for Conagra's private brands business.

Frutarom, Treehouse acquisitions complete

Two previously announced acquisitions were completed last week.

Frutarom completed the purchase, announced in December 2016, of 100% of the shares of worldwide Wiberg (formerly known as Sagema) of Austria and Wiberg of Germany (including Wiberg's 50% ownership share in a Canadian subsidiary and 51% ownership share in a Turkish company) (collectively: "Wiberg") for approx. $130.4 million (€119 million). As reported, Wiberg sales for 2015 are expected to stand at approx.$172 million (€155 million), achieving rates of growth beyond the growth rates of markets in which it operates, with adjusted EBITDA of approx. $19 million (€17 million). The total value of assets acquired stood at $131 million (€107.8 million) as of December 31, 2014.

TreeHouse Foods has completed the acquisition of the private brands business of Omaha-based ConAgra Foods. TreeHouse paid $2.7 billion. The transaction was first announced in early November 2015.