TreeHouse Foods Inc. said Monday that now isn’t the right time to sell the whole company, but it is exploring the options to sell parts of it in order to focus on the Snacking & Beverage business. The company, which has conducted a strategic review, will continue to explore the options to divest other categories, including parts of the Meal Preparation business, and is looking at ways to maximize shareholder value. TreeHouse is a producer of private label food and beverage brands in 29 categories with 40 production facilities in North America and Italy. “The demand trends in private label continue to strengthen, and we are well-positioned to build on our momentum in advantaged categories,” said Chief Executive Steve Oakland in a statement. The company expects labor shortages and supply chain disruptions will continue to have an impact on first half business results. TreeHouse stock is down 38% over the past year while the S&P 500 index has gained 6.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.