Tranche Update on TreeHouse Foods, Inc.'s Equity Buyback Plan announced on November 2, 2017.
February 16, 2024 at 04:22 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 1,200,000 shares, representing 2.17% for $48.7 million. With this, the company has completed the repurchase of 5,300,000 shares, representing 9.43% for $232 million under the buyback announced on November 2, 2017.
TreeHouse Foods, Inc. is a manufacturer and distributor of private label foods and beverages in North America. The Company's portfolio includes beverage and drink mix offerings, which include non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages, and grocery offerings, which include pickles, refrigerated dough, hot cereal, and cheese and pudding. The Company sells its products to retail, co- manufacturing, and food-away-from-home customers in shelf-stable, refrigerated, and frozen formats. It also offers its customers a range of value and nutritional solutions, including natural, organic, and gluten-free products. It owns pickle branded assets, including Bick's pickles, Habitant pickled beets, Woodman's horseradish and McLarens pickled onion brands. The Company sells its products through various distribution channels, including retailers, food service distributors, co-manufacturers, and industrial and export channels.