TreeHouse Foods will be making some organizational changes to optimize the business and create value for customers. TreeHouse will merge its three divisions (baked goods, beverages, and meal solutions) into two divisions: snacking & beverages and meal preparation.
The snacking & beverages division will include bars, broth, candy, cookies & crackers, griddle, pita, powdered & liquid beverages, pretzels, tea, and other blends. The meal preparation division will be comprised of bouillion, cheese & pudding, hot cereal, non-dairy creamer, pasta & dry dinners, pickles, pourable & spoonable dressings, preserves, red sauces, refrigerated dough, sauces, single serve coffee, and syrup.
"Following an in-depth review of our categories and strategies, we have decided to organize ourselves in a manner that we believe best serves our customers," said Steve Oakland, CEO and president of TreeHouse Foods, in a statement. "The retail grocery landscape continues to evolve and be very competitive, and our customers are looking to solve two fundamentally different goals. First, to help demonstrate value to the consumer and improve margins that they can invest to drive consumer traffic; and second, to help introduce uniqueness and innovation, so they can differentiate themselves and be more relevant to their distinct shopper base."
Related: TreeHouse Foods Terminates Agreement with Post Holdings; TreeHouse Sells Bakery Facilities to Rich Products Corp.
from Specialty Food News https://ift.tt/2VuPYLz
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