TreeHouse Acquires ST Specialty Foods

TreeHouse Foods in the US has acquired ST Specialty Foods, a portfolio company of Windjammer Capital Investors, for $180m.

The company also agreed to pay an additional $15m subject to certain earnings being met by the 12-month period ending 31 December.

The food producer said the acquisition will be financed through borrowings under its existing $600m credit facility.

The acquisition is expected to be competed by October.