Investindustrial to Buy TreeHouse Foods for $2.9B

Investindustrial has agreed to acquire TreeHouse Foods, the supplier of Walmart private-label food and beverages, in a transaction with total enterprise value of $2.9 billion. The deal is expected to close in the first quarter of 2026, after which TreeHouse Foods will become a private company.

Banks reportedly launched a seven-year $1.25 billion term loan package tied to the takeover, including $550 million of other secured debt. TreeHouse Foods said the acquisition supports its strategy to become a focused snacking and beverage private brand leader.

Walmart accounted for 24% of TreeHouse Foods’ net sales in 2024, underscoring the importance of private-label demand to the buyer’s thesis.